This emission builds on the Green Bond, which was introduced 5 years ago to finance its 100% bio-based Rilsan® Polyamide 11 plant in Singapore. It enables the group to continue to align their financing strategy with their sustainability obligations, especially in terms of the climate and the development of sustainable and innovative solutions.
The net proceeds of this bond are assigned to the financing or refinancing of structural programs that support sustainable development and the accumulation of the important investments controlled by the group, most of which match the EU taxonomy.
The green financing framework according to which this emission is carried out is structured around six categories of legitimate green projects: renewable energies, energy efficiency, eco -efficient and/or circular economy adapted products, production technologies and processes, green buildings, sustainable water management and water treatments as well as the adaptation of the climate. This framework was evaluated by Moody's and received a SQS2 “very good” sustainability quality assessment, which reflects a high degree of sustainability.
Documentation with regard to this bond creation is available on the Arkema website.