NEXTCHEM Launches Sustainability-Linked Financing Framework
- The Framework supports a €125 million credit facility for energy transition R&D.
- Targets include 30% supplier engagement with science-based targets by 2028.
- Aim to achieve 4.46 million tons of avoided CO₂ emissions by 2028.
- Framework aligns with ICMA and LMA principles, verified by Morningstar Sustainalytics.
Framework Overview
NEXTCHEM has launched its first Sustainability-Linked Financing Framework, approved by its Board of Directors, to support sustainable financing instruments. This includes a €125 million credit facility backed by SACE's “Garanzia Archimede” for investments in technological innovation and R&D for the energy transition.
Key Performance Indicators
The Framework introduces two Key Performance Indicators (KPIs) to reduce value chain emissions and enable client decarbonization. The first KPI targets a 30% share of suppliers with science-based targets by 2028, starting from a 2024 baseline of 0%. The second KPI aims for 4.46 million tons of cumulative avoided CO₂ emissions by 2028, compared to a 2024 baseline of 0.7 million tons.
Alignment and Verification
The Framework is developed in accordance with the Sustainability-Linked Bond Principles by the International Capital Market Association (ICMA) and the Sustainability-Linked Loan Principles by the Loan Market Association (LMA). Morningstar Sustainalytics has issued a Second Party Opinion confirming the Framework's alignment with these principles and best market practices.
Implementation and Reporting
Structured with support from Intesa Sanpaolo – IMI Corporate & Investment Banking Division as Sustainability Coordinator, NEXTCHEM will report on these targets annually. Independent assurance verification will ensure transparency for investors and stakeholders.
Source: Maire