Wednesday, July 31, 2024
Metsä Group has announced an update to its Green Finance Framework, strengthening its commitment to sustainability and ensuring the continuity of issuing green debt instruments. This enhanced framework further integrates Metsä Group’s sustainability goals into its financing strategies, aligning with the latest market practices.
The updated Green Finance Framework will continue to support the financing or refinancing of eligible assets and expenditures that align with Metsä Group’s key environmental objectives. This framework is applicable across all green debt financing needs within Metsä Group and its independently financed entities, including Metsä Board.
A key component of Metsä Group’s commitment is maintaining transparency and reliability in its regular reporting and communication regarding the green projects financed or refinanced under the Green Finance Framework. Oversight of the framework’s implementation will remain with Metsä Group’s Sustainable Funding Committee.
In addition to the framework’s enhancements, Metsä Group has received an updated independent second party opinion from Sustainalytics. This opinion confirms that the framework aligns with the Green Loan Principles 2023 and the Green Bond Principles 2021, and deems the eligible green assets and expenditures credible and impactful. Nordea provided advisory support for the establishment and update of the framework.
Metsä Group’s commitment to sustainable finance is reinforced through these updates, ensuring that its green projects continue to receive robust support while adhering to stringent market standards.
Sustainability is a cornerstone of Metsä Group’s strategy, guiding our long-term business development. Every aspect of our development, investment, and financing planning undergoes a sustainability evaluation. The Green Finance Framework at Metsä Group seamlessly integrates environmental considerations, sustainability, and climate change mitigation into our investment and financing activities. This framework is designed to align with the Group’s overall strategy and its strategic sustainability objectives for 2030.
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