Statement re Launch of Green Finance Framework and Discussions on a New Green Financing Transaction

Date-01/10/2021

One of the global’s largest included manufacturers of paper-based totally packaging products, with operations in Europe and the Americas, has released its Green Finance Framework. The Green Finance Framework will useful resource green issuances from Smurfit Kappa that finance belongings and prices related to (1) circular monetary tool tailor-made products, manufacturing technologies and strategies and/or licensed eco-green merchandise and (2) environmentally sustainable control of dwelling herbal assets and land use. The Green Finance Framework is aligned with the ICMA Green Bond Principles 2021 and the LMA Green Loan Principles 2021, that have been confirmed thru ISS ESG in a extraordinary Second Party Opinion.

The Green Finance Framework is reflective of the sustainable nature of Smurfit Kappa’s industrial business enterprise model, with eligibility requirements that span the geographic scope of the Group’s operations and bear in mind the Group’s efforts to provide spherical merchandise, using certified sustainable uncooked materials and enforcing round manufacturing methods which can be difficulty to non-prevent improvement, each in terms of environmental and social metrics. As such, Smurfit Kappa’s method to sustainable financing may additionally mirror what the Group is, a global agency which locations sustainability at the centre of its going for walks version.

 

Green Finance Framework

Setting up this framework and issuing green finance devices is a further extensive step in our sustainability technique, embedding sustainability into our capital form alongside our sustainability-linked revolving credit facility, and complementing the willpower of every body in Smurfit Kappa, wherein we make a sustainable product in an increasingly more sustainable manner.”

Smurfit Kappa has mandated ING and Rabobank as Joint Green Structuring Advisors, and BNP Paribas, Citigroup, ING and Rabobank to installation on its behalf a series of digital constant income investor conferences taking off today, Monday, thirteen September 2021. An inaugural, green, EUR 1 billion, Regulation S, senior, unsecured, twin-tranche supplying with 8-yr and 12-yr maturities is anticipated to observe, trouble to market conditions. Smurfit Kappa intends to apply an amount equal to the net proceeds from the presenting to finance eligible inexperienced initiatives under its Green Finance Framework. The Group intends to trouble a be conscious to redeem its senior notes due 2024 from existing coins available and/or gift to be had centers, want to a transaction observe. 

Statement re Launch of Green Finance Framework and Discussions

About Smurfit Kappa

 Smurfit Kappa, a FTSE a hundred agency, is one of the principal carriers of paper-primarily based absolutely packaging answers in the international, with about 46,000 personnel in over 350 production web web sites in the course of 36 global locations and with income of €eight.Five billion in 2020. We are placed in 23 international locations in Europe, and 13 in the Americas. We are the best big-scale pan-nearby player in Latin America. Our products, which can be 100% renewable and produced sustainably, beautify the environmental footprint of our clients.

With our proactive team, we relentlessly use our incredible enjoy and knowledge, supported by way of our scale, to open up opportunities for our customers. We collaborate with forward-wondering customers via the usage of sharing superior product know-how, marketplace information and insights in packaging traits to ensure business enterprise fulfillment of their markets. We have an unrivalled portfolio of paper-primarily based packaging answers, that’s continuously updated with our marketplace-essential improvements. This is better through the advantages of our integration, with pinnacle of the line paper layout, logistics, timeliness of provider, and our packaging plant life sourcing maximum of their uncooked substances from our very own paper generators.

We have a proud way of life assisting social, environmental and community tasks inside the global places in which we function. Through those initiatives we help the UN Sustainable Development Goals, that specialize in in which we take into account we are capable of have the greatest impact.

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