DEALS

Facilitating a responsibly
innovative and sustainable future

SHARE
Facebook
Twitter

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.  

Related Articles

DEALS

Leading the Expansion of Africa’s Capital Markets

We are pleased to have acted as Lead Transaction Advisor for Emtel Limited on their Initial Public Offering and subsequent listing on the Stock Exchange of Mauritius.

DEALS

Accelerating communications access across the continent

We are pleased to have acted as Subscriber and Mandated Lead Arranger for Convergence Partners and the Datacentrix management team in their 100% acquisition of Datacentrix from the Alviva Group.

DEALS

Enabling the vision of a more connected Africa

We are pleased to have acted as sole M&A Advisor to Alviva, in their disposal of Datacentrix to Convergence Partners and the Datacentrix management team.