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Posted May 31st, 2021 for SSAB SSAB has completed a framework that will provide an opportunity to issue sustainability-linked bonds. The framework complies with Sustainability-Linked Bond Principles and will strengthen SSAB’s position on the capital markets. Sustainability-Linked Bond Principles (SLBP) is a voluntary framework that provides guidelines for how forward-looking sustainability goals can be integrated into bonds. ICMA – International Capital Markets Association is behind the guidelines, which were launched in 2020. By integrating sustainability goals, a company undertakes to make investments that result in a more sustainable business. “The framework will give us better terms to finance our transition and also provide us with a direct link to reaching our sustainability goals. It will make it clearer for our investors to see how they are supporting our strategy, which will deliver a significant reduction in carbon dioxide e ....
Share this article GÖTEBORG, Sweden, April 8, 2021 /PRNewswire/ Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen. We are determined to be a climate-neutral company by 2050 in line with the Paris Agreement. This means that our vehicles and machines will be emission-free when in operation but also that we will review the materials, like steel, used in our products and will gradually switch to fossil-free alternatives here as well. This is an important step on the road to completely climate-neutral transports, says Martin Lundstedt, President and CEO at Volvo Group. ....
Geographical Magazine How far off is the steel industry from decarbonising? 2021 Pressure is mounting on steelmakers to decarbonise, but it’s proving to be a particularly difficult industry to clean up Edit: This piece was originally published in the March edition of Geographical Magazine. Since then, the UK Government appears to have reversed its decision not to intervene in the development of the controversial Cumbria coal mine. Robert Jenrick, the secretary of state for housing, communities and local government, has decided to intervene in plans for the mine following “increased controversy” surrounding the application. On 6 January 2021, environmental campaigners and local MPs voiced their fury at the UK government’s decision not to oppose the opening of a new coal mine in Cumbria. Given all the commitments made towards achieving net-zero carbon by 2050, the move seemed regressive. ....