ICL Group Ltd. reported the execution of a new €250 million sustainability linked loan, with a five-year term through 2026 and a fixed annual interest rate of 0.8%. The loan is an innovative step forward in the company’s ongoing sustainability efforts and includes three sustainability performance targets. These targets have been designed to align with the company’s sustainability strategy and goals, and each will be assessed at specific times during the term of the loan by third-party certification. As part of this effort, the company is targeting an annual 4% to 5% reduction in direct and indirect Scope 1 and Scope 2 CO2e emissions resulting from the company’s global operations. Third-party monitoring will begin with the 2021 fiscal year, in accordance with the accounting and reporting standards published by the GHG Protocol. The loan was entered into with a group of five global lenders. The loan was arranged by BNP Paribas and MUFG as joint bookrunners, mandated lead arrangers and ESG coordinators. Bank of America Europe DAC, Rabobank and SMBC Group have acted as mandated lead arrangers.