Valmet Oyj's press release on March 1st, 2024, at 10:00 a.m. EET
ESPOO, Finland, March 1, 2024 /PRNewswire/ -- Valmet has established a Green Finance Framework applicable for the issuance of green debt instruments to further integrate its ambitious sustainability targets into its financing.
The Green Finance Framework is designed to support financing or refinancing eligible assets and expenditures that promote two key environmental objectives: enabling transition to a circular economy and mitigating climate change.
In Valmet's framework, eligible assets and expenditures are divided into two categories: Valmet's services that enable extending the lifetime of Valmet's products in customer use and Valmet's solutions that enable significant greenhouse gas emission reductions, supporting customers in the green transition.
"Our technologies and services enable Valmet's customers to convert renewable resources into sustainable products, reduce greenhouse gas emissions and promote circularity. The Green Finance Framework supports us in this mission and enables us to allocate capital to activities that enhance the green transition," says Katri Hokkanen, CFO, Valmet.
Valmet has established a green finance committee to ensure the green financing will be directed to activities that meet the eligibility criteria in the Green Finance Framework. Valmet will publish Green Finance Report including allocation of proceeds and impact reporting annually as long as there are Green Financing outstanding or until full allocation of proceeds.
Valmet's Green Finance Framework has received an independent second party opinion from ISS ESG, confirming the alignment of the framework with the Green Loan Principles 2023 and the Green Bond Principles 2021. Nordea acted as advisor on the establishment of the framework. The Green Finance Framework and the second party opinion are available on Valmet's website.
VALMET
Corporate Communications
For further information, please contact:
Reetta Loponen, Vice President, Sustainability, Valmet, tel. +358 40 0011 21
Reetta Antila, Vice President, Treasury, tel. + 358 50 599 3114
Pekka Rouhiainen, Vice President, Investor Relations, Valmet, tel. +358 10 672 0020
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2023 were approximately EUR 5.5 billion.
Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
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