ArcelorMittal said it has reached an agreement with lenders to amend its $ 5.5 billion revolving credit facility and link the loan's margin calculation to the company's performance in achieving sustainability and emissions reduction goals.
ArcelorMittal said the margin payable would increase or decrease based on its performance compared to “certain metrics related to its environmental and sustainability performance”, including “CO (2) intensity at ArcelorMittal's European facilities and the number of ArcelorMittal facilities all over the world that have been certified by ResponsibleSteel by the end of each year. "
The company also said the amended revolving line of credit is "the largest ESG-related credit line of its kind in the metals and mining sectors."
The steel and mining company said it "has set a goal for the entire group to achieve carbon neutrality by 2050 and a target to reduce CO (2) emissions in Europe by 2030 by 30%."
ArcelorMittal changes largest credit line to meet environmental goals
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Azovpromstal® 1 May 2021 г. 11:37 |
