ICL Unveils Sustainable Revolving Credit Facility

Published on:
by KnowESG,

ICL Group Ltd

KnowESG_ICL
Image courtesy of ICL

ICL, a prominent global speciality minerals company, has secured a $1,550 million sustainability-linked revolving credit facility from a consortium of 12 international banks.

The initial term is five years, with an option for a two-year extension, replacing the previous credit facility from 2018.

Aviram Lahav, CFO of ICL, commented, "ICL is delighted to strengthen its sustainability commitment by incorporating targeted and specific sustainability metrics and milestones in its revolving credit facility. This follows our inaugural sustainability-linked loan in September 2021 and reinforces our existing emphasis on ESG practices and transparency in addressing sustainability issues."

The newly established revolving credit facility encompasses three key performance indicators (KPIs) that are in alignment with ICL's sustainability strategy and objectives. These KPIs will be regularly evaluated by third-party certification throughout the five-year term to ensure compliance with the company's sustainability goals.

For more sustainable finance news

Source: ICL Group

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Share:
esg
esg
esg
esg

Sustainable Finance Headlines

Trade Finance Goes Green with Finastra, TradeSun

Trade Finance Goes Green with Finastra, TradeSun

SMEs Go Green with North Lanarkshire Grants

SMEs Go Green with North Lanarkshire Grants

Sustainable Finance in ASEAN Expands

Saudi Arabia Unveils Green Finance Framework

Colombia Gets $750M for Climate Shift

Circular Secures $10.5M for Recycled Materials Platform

SocGen Wins Top Sustainability Bank

BEA Grants Wilmar $100M Sustainability Loan

RBC's Push for Client Decarbonisation

MFSA Campaign Exposes Greenwashing Risks