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The Sustainability-Linked Bond Framework has been reviewed by Sustainalytics, a second opinion provider, confirming the alignment with the Sustainability-Linked Bond Principles published by ICMA. Sustainalytics consider the Sustainability Performance Targets in the framework to be ambitious and the related Key Performance Indicators to be strong*, also due to the direct emission target having been validated by the Science Based Target initiative (SBTi).
“Lassila & Tikanoja is proud to be among the first Finnish listed companies to consider issuing sustainability-linked notes. Our mission is to make circular economy a reality and sustainability is at the very heart of our strategy. Introducing a framework and notes for sustainability-linked financing underlines the deep sustainability commitment of Lassila & Tikanoja.” says
The Sustainability-Linked Bond Framework is built around Key Performance Indicators material to L&T’s business and they promote sustainability improvements that mitigate climate change. The establishment of the framework is a continuation to the newly signed revolving credit facility of
The Sustainability-Linked Bond Framework together with the external second party opinion are available on L&T’s website at lt.fi/en/investors. Danske Bank acted as the Sole Sustainability Structuring Advisor in the development of the framework.
* Sustainalytics has assessed the Key Performance Indicators with a scale of Not Aligned, Adequate, Strong and Very Strong. The ambitiousness of the Key Performance Indicators has been assessed with a scale of Not aligned, Moderately ambitious, Ambitious and Highly Ambitious.
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