#Sustainability #Sweden #Stockholm #Boliden #Climate

Introduction

On December 20, 2024, Boliden announced the launch of a Sustainability-Linked Finance Framework aimed at reinforcing its commitment to becoming the most climate-friendly metal provider globally. This strategic move aligns with the company’s ambitious climate targets, validated by the Science Based Targets initiative (SBTi).

Aligning with Climate Goals

The newly published framework is designed to facilitate the issuance of Sustainability-Linked Bonds. Boliden sets specific goals to significantly reduce its greenhouse gas (GHG) emissions by 2030. The stated objectives include a 42% reduction for Scope 1 and 2 emissions, alongside a 30% cut for Scope 3 emissions, using 2021 as the baseline year. This initiative not only enhances Boliden's competitive edge but also embodies the company’s proactive role in tackling climate change.

Collaboration with Institutions

To establish this framework, Boliden partnered with Danske Bank, which acted as the structuring advisor, offering expert guidance throughout the process. Additionally, Sustainalytics provided an independent second-party opinion on the framework’s design and its ambitious targets. Their assessment categorized the Key Performance Indicators (KPIs) as `Very Strong`, while the sustainability performance targets were rated as `Ambitious` and `Highly Ambitious`. This external validation strengthens stakeholder confidence in Boliden's commitment to sustainability.

The Importance of Transparency

The framework, along with the second-party opinion, is publicly accessible on Boliden’s official website. This transparency exemplifies Boliden's dedication to accountability and engagement with its investors and the broader public. Such initiatives are critical in fostering trust and demonstrating a genuine commitment to sustainable practices.

Conclusion

As Boliden moves forward with its Sustainability-Linked Finance Framework, it sets a precedent for the mining and metals industry, emphasizing the role of financial strategies in achieving environmental goals. With its ambitious targets and collaborative approach, Boliden is positioning itself as not only a leader in the metals sector but also as a forward-thinking company invested in our planet's future. By maintaining a strong focus on reducing emissions in line with its strategic vision, Boliden aims to influence the industry positively and contribute substantively to global climate efforts.

For further details, you can visit the Boliden Investors Page or contact Klas Nilsson, Director of Group Communications at Boliden.