Holcim said it is committed to reach at least 40% of sustainable financing by 2024, putting climate action, water preservation and safety at the heart of its financing strategy.
The company recently accelerated this commitment with the completion of two new sustainability linked financing transactions worth more than CHF 3 billion. To scale up its impact, Holcim also joined the United Nations Global Compact CFO Taskforce, which aligns members’ finance strategies with the United Nations Sustainable Development Goals (SDGs).
“Sustainability is at the core of what we do. That’s why we set ourselves some of the most ambitious goals in our industry,” said Holcim CFO Géraldine Picaud. “Walking the talk, we are putting climate, water and safety at the heart of our financing strategy. To make a bigger impact, I am delighted to be a member of the UNGC CFO Taskforce to move this agenda forward with my peers.”
Holcim’s Sustainability-Linked Financing Framework is aligned with the company’s sustainability strategy. It started with CO2 reduction, in line with the company’s 2030 climate targets, and has been updated with the full 2050 Net-Zero pathway endorsed by the Science Based Targets initiative (SBTi). Following Holcim’s nature-positive strategy launch, it also added “specific freshwater withdrawal” in its cement operations, aligned with SDG 6 (Clean Water and Sanitation).