Sustainability-linked bond issue
These bonds, issued in accordance with the Sustainability-Linked Bond Principles as published by the International Capital Market Association (ICMA), are indexed to an objective of reducing greenhouse gas emissions by 22.9% in 2025 and 36.0% in 2030 in relation to the turnover (tCO2e / million euros) considering 2018 as the reference year, as approved by the Science Based Target initiative (SBTi). This includes Scope 1 emissions (direct emissions from sources owned or controlled by Imerys) and Scope 2 emissions (indirect emissions from the production of electricity, heat or steam imported or purchased by the Group). We will report annually on our performance against these key objectives in our Universal Registration Document.
With the first issue of its kind, we at Imerys confirm we are fully committed to reducing carbon emissions and to achieving our broader sustainability ambition. The climate crisis poses an urgent and irreversible systemic threat to our planet. This calls for global action towards a low-carbon economy in line with the internationally agreed-upon acceptable limits of global warming, as set out in the Paris Agreement.
Companies have a pivotal role to play in reducing emissions and developing low-carbon solutions, particularly in the industrial minerals sector. We see the role of our industry as central in facing this challenge, and we are committed to act by reducing emissions and developing low-carbon solutions.