#Sweden #climate action #Stockholm #Boliden #Green Finance

Boliden's Commitment to Sustainability

In an effort to solidify its standing as a leader in sustainability, Boliden has made significant updates to its Green Finance Framework. Originally launched in May 2022, this framework is a testament to Boliden's increasing climate ambitions across its entire operational spectrum. Over the years, Boliden has focused on enhancing its environmental initiatives and has emerged as one of the pioneering mining and metals companies to have its climate targets validated by the Science Based Targets Initiative (SBTi).

Roadmap to 2030

The updated framework is not just a revision; it represents a bold roadmap toward the company's sustainability goals by the year 2030. This roadmap emphasizes key areas such as electrification, transitioning to renewable energy sources, refining procedures for operations, and optimizing energy mixes. By integrating these components, Boliden aims to reduce its overall carbon footprint and align itself with the best practices in eco-friendly operations.

Another pivotal direction is the commitment to expand the portfolio of Green Transition Metals, which focuses on products with significantly lower climate impact compared to global industry standards. Through this shift, Boliden is establishing itself not only as a mining powerhouse but also as a respected proponent of eco-friendly practices within the industry.

Funding Green Projects

With the updates to the Green Finance Framework, Boliden aims to mobilize financial resources from investors specifically for green investment projects. This strategic move is geared towards achieving Boliden's vision of being the most climate-friendly metal provider in the world. Boliden's commitment to sustainability is expected to resonate well within the investment community, aligning climate responsibility with financial return mechanics.

Key Updates in the Framework

The updates include important clarifications and additions to the categories of eligible projects:

• - The International Capital Market Association's (ICMA) Green Bond Principles (GBP) categories will now serve as foundational parameters for identifying eligible Green Projects. This refined approach groups these projects more effectively under a singular core ICMA GBP category, enhancing clarity and focus.
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• - Energy efficiency has been designated as a core category, highlighting its importance in achieving the company's climate targets by 2030. A major focus area includes refinancing efforts for the expansion of the zinc smelter in Odda, where the production of Low Carbon Zinc is anticipated to increase significantly.
• - The previously defined category of Pollution prevention and control has been broadened. It now comprises two subcategories: pollution prevention and waste management, providing a clearer direction for Boliden's commitments in these areas.
• - A new renewable energy production category has been introduced, reflecting Boliden’s dedication to integrating renewable energy solutions into its operations.

Collaboration with Financial Institutions

Swedbank continues to play a vital role by acting as the Sustainability Coordinator for the Framework update. The independent consulting firm SP Global has also been involved, examining the updated framework and reaffirming its 'Medium Green' shading, a reflection of Boliden’s commitment to maintaining high environmental standards and transparency.

Conclusion

As Boliden navigates the complexities of the modern industrial landscape, its updated Green Finance Framework is not only a strategic financial tool but also a robust declaration of its commitment to sustainability. By aligning with global standards and raising its climate ambitions, Boliden is positioning itself as a benchmark for environmental responsibility in the mining and metals sector. The company’s proactive steps are expected to foster greater investor confidence and contribute significantly to global efforts against climate change. For further inquiries about this operational strategy and investment ethos, stakeholders are encouraged to reach out to Boliden’s Group Communications team.