Row rect Shape Decorative svg added to bottom DEALS Facilitating a responsibly innovative and sustainable future Absa | Corporate and Investment Banking > Insights and Events > Facilitating a responsibly innovative and sustainable future SHARE We are proud to have acted as Sole Sustainability Coordinator for Sappi’s ZAR2 billion five-year sustainability-linked revolving credit facility. A world-class renewable resources manufacturer deserves world-class sustainable finance solutions. Our understanding of Sappi’s business growth ambitions and extensive industry knowledge resulted in a seamless execution process to support them and their aspirations. The facility enabled Sappi to link its local revolving credit facility to globally and locally relevant sustainability targets: sustainability KPIs focused on reducing specific GHG (Scope 1 +2) emissions, ensuring certified fibre is being supplied to Sappi mills, reducing solid waste to landfill for Sappi operations globally, and reducing process water in South Africa, specifically. It is the first sustainability-linked facility in the pulp and paper industry on the continent and demonstrates Sappi’s commitment to achieving its sustainability targets. The facility grants Sappi the liquidity required to fund operations and projects that deliver positive impacts on our environment. "Being a responsible citizen and thinking of the future demonstrate care on how we do business.” Khumbulani Gumede – Senior Banker: Corporate, Global Clients Inbound “At Absa CIB, we believe that true impact can be delivered if we all play a shaping role in society. We are proud to have worked so closely with Sappi in structuring a fit-for-purpose instrument that supports business growth while acknowledging the responsibility we all have to creating a better place for future generations.” Heidi Barends – Head of Sustainable Finance, Absa CIB The bravery to imagine. That’s Africanacity. Contact us for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
