Constellium is supportive of sustainable finance and is committed to meaningfully tying its sustainability objectives to funding obligations. Constellium believes that sustainable finance will be a strong motivator in driving change toward a low emissions future. These financing activities will allow investors to partner with Constellium in achieving its long term sustainability goals. In February 2021, Constellium became the first company in the metals sector to issue a Sustainability-Linked Note.
Two Sustainability Performance Targets (“SPTs”) were established as part of the February 2021 offering. The first SPT is Greenhouse Gas Intensity of 0.615 tons of CO2 equivalent per ton of sales in 2025, representing a 25% improvement from our 2015 baseline. The second SPT is recycled aluminum input of 685 thousand tons in 2026, representing a 10% improvement from our 2019 baseline.
- Sustainability-Linked Bond Framework – February 2021
- Second Party Opinion on Constellium’s Sustainability-Linked Financing Framework
Update for Constellium’s 2020 performance on KPI 1 and KPI 2, as defined within the Sustainability-Linked Financing Framework dated February 5, 2021