Decarbonising the building materials sector requires investment and to feed that Heidelberg Materials introduced the Green Finance framework, aligned with the most recent best market practices and standards. The company plans to issue green bonds to finance or refinance assets and capital expenditures related to decarbonising activities wherever the company meets the eligibility criteria defined by the Green finance framework. This move will complement a sustainable finance portfolio to increase the company’s sustainable financial instruments share to over 70% by 2025.
René Aldach, Chief Financial Officer, Heidelberg Materials said that they have set another cornerstone to cover their funding needs for the years to come. The framework reflects the continued confidence in their strong cashflow generation, which enables them to fund sustainable projects and further decarbonise their business.