We use our Sustainability-Linked Financing Framework, aligned with the UN Sustainable Development Goals (SDGs) as the basis for linking the financing strategy with Heidelberg Materials’ sustainability targets. We want to increase the share of sustainable financial instruments to over 70% by 2025. We are currently at 50% (2022: 44%).
The Sustainability-Linked Financing Framework has been established as a platform for the issue of various sustainability-linked financial instruments, such as bonds (including private placements), commercial paper, loans, debt certificates, and other sustainability-linked financial instruments, in various formats and currencies. Heidelberg Materials is a pioneer in the field of commercial paper (CP, short-term bearer bonds of a money market character) with a sustainable performance target. The CP programme is also linked to the reduction of specific CO₂ emissions per tonne of cementitious material in accordance with the 2026 target set out in the Sustainability-Linked Financing Framework. If we are unable to reduce CO₂ emissions within the defined period and at the specified level, an additional annual interest payment must be donated to BirdLife Europe to promote biodiversity. In 2023, we placed sustainability-linked bonds with a total issue volume of €1.5 billion.
