Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG, has entered into a revamped € 1.03 billion syndicated loan agreement. The company’s existing € 560 million credit line was raised to € 680 million, with a new € 350 million guarantee facility baked into the contract as well.
With iron and steel accounting for more than seven per cent of global emissions, technological innovation will be vital to the industry achieving net zero emissions.
The Sustainable STEEL Principles are a ready-to-use solution for measuring and disclosing the 1.5°C alignments of steel lending portfolios. These were carefully designed over the course of a year by the aforementioned working group facilitated by the RMI to support the practical achievement of net zero emissions in the steel industry.
Just Climate is an investment business dedicated to climate-led investing to address the net zero challenge at scale.
Simply put, sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects. According to the Head of ESG, FIC, Deutsche Bank, decarbonising the steel industry will cost more than 1.4 trillion dollars and that is why the emerging sustainable finance market has a key role to play in funding the transition.
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