Verallia’s Sustainability-Linked Financing Framework SPO provided by V.E
Verallia’s Sustainability-Linked Financing Framework was created to issue Sustainability-Linked Instruments and is established in compliance with the ICMA’s Sustainability-Linked Bond Principles (June 2020).
V.E has provided a Second Party Opinion (SPO) on Verallia’s two Key Performance Indicators (KPIs) and their associated Sustainability Performance Targets (SPTs):
KPI 1: Tonnes of CO2 emitted by the Group in absolute value (scopes 1 & 2)
SPT 1: Reduce CO2 emissions by 15% from 2019 to 2025 to reach 2,625 kt in 2025
KPI 2: Rate of external cullet usage in glass production sites worldwide
SPT 1: Reach 59% of external cullet by 2025 at group level
V.E is of the opinion that Verallia’s Sustainability-Linked Financing Framework is aligned with the core components of the Sustainability-Linked Bond Principles (SLBP).
Verallia is a French company specializing in packaging for beverages and food products. With plants in Europe and America, Verallia is the world’s third largest producer of glass packaging for food.
V.E has participated to sustainability-linked financing for more than 20 corporates in Europe, Americas and Asia, either to provide borrowers with their annual ESG score or as second-party opinion provider to assess the relevance of the KPIs (KPI-linked mechanisms).
Click HERE for more information on Verallia’s Sustainability-Linked Financing Framework.
The full SPO can be found in PDF form below.
For more information on this mission and V.E’s SPO services for Bonds and Loans: Benjamin Cliquet Head of Sustainable Finance Business Development firstname.lastname@example.org