Huhtamäki Oyj publishes Sustainability-Linked Bond Framework
HUHTAMÄKI OYJ, PRESS RELEASE, 25.5.2022 AT 12:05 (EEST)
Huhtamaki launches a Sustainability-Linked Bond Framework and incorporates sustainability in the company’s financing
The Sustainability-Linked Bond Framework (the “SLB Framework”) is issued in accordance with the International Capital Markets Association’s (ICMA) Sustainability-Linked Bond Principles 2020. The SLB Framework is designed to support the future issuance of sustainability-linked securities by Huhtamaki. For the securities issued under the SLB Framework, the interest rate, or other financial characteristics, of a security will change if Huhtamaki fails to meet the predefined sustainability performance target at an agreed testing date for a designated sustainability performance indicator.
“The SLB Framework enables us to place our sustainability ambitions also at the heart of the financing strategy. By directly linking sustainability performance to our financing cost, we send a most convincing message to investors on our commitment to the company’s sustainability agenda” says Thomas Geust, CFO, Huhtamäki Oyj
“The SLB Framework speaks to how we embed sustainability in everything we do, including finance. It is a clear indication of how serious we are about delivering on our ambition to become the first choice in sustainability packaging solutions. We have set ourselves some tough objectives as part of that and we welcome the fact that these have been recognized and acknowledged in the process to obtain this Framework. This is another validation of the strength of our commitment and our ability to deliver on it” says Thomasine Kamerling, EVP Sustainability and Communications, Huhtamäki Oyj
The SLB Framework and Second Party Opinion are published at Huhtamaki’s website: https://www.huhtamaki.com/en/investors/financial-information/debt-investors/
For further information, please contact:
Tom Erander, Vice President, Treasury, Tel. +358 (0)10 686 7893
Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, enabling wellbeing and convenience. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030.
We are a participant in the UN Global Compact and EcoVadis has awarded Huhtamaki with the Gold medal for performance in sustainability. To play our part in managing climate change, we have set science-based targets that have been approved and validated by the Science-Based Targets initiative.
With 100 years of history and a strong Nordic heritage we operate in 38 countries and 114 operating locations around the world. Our values Care Dare Deliver guide our decisions and help our team of 19,800 employees make a difference where it matters. Our 2021 net sales totaled EUR 3.6 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more about how we are protecting food, people and the planet at www.huhtamaki.com.