June 2020 saw the start of the new green revolving credit facility that will be used for purchasing waste, with the aim of recycling material within the recycling companies’ operations.
The Stena Metall Group’s recycling companies collect, process and recycle all types of waste. Every year, the Group recycles six million tonnes of waste, helping to preserve valuable resources and providing the community with important recycled raw materials.
This recycling of materials yields environmental benefits through reduced greenhouse gas emissions and is also positive for economic development, as less energy is consumed, and existing resources are utilised better. According to the Ellen MacArthur Foundation’s report (Sept. 2019), up to half of our society’s climate emissions are a direct result of linear processing of our material flows. For some materials, the CO2 savings are now no less than 95 per cent, if recycled material is used instead of new.
Back in 2018, Stena Metall issued a green bond in the green framework for bonds, in which Handelsbanken was an advisor. The framework received a ”Dark Green” rating from Cicero Shades of Green.