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RUSAL Fulfills Sustainability Key Performance Indicators for 2019

Metal News - Published on Fri, 31 Jul 2020

Image Source: Rusal
Leading global aluminium producer RUSAL confirmed compliance with the 2019 target levels of the sustainability key performance indicators under the sustainability-linked pre-export finance facility for USD 1,085,000,000 signed in October 2019. The 2019 target levels are reached or exceeded and therefore the interest rate is subject to a sustainability discount. Sustainability KPIs are related to the Company’s environmental impact and sustainable development and include the growth targets of ALLOW aluminium sales – RUSAL’s low-carbon aluminium produced with hydropower. Other KPIs also cover the reduction of carbon footprint and decrease of fluoride emissions. They are measured annually and verified by an independent and specialized third party.

The Company is entitled to a sustainability discount which reduces the interest rate to 2.1%. The sustainability discount is applicable until the next review and reporting on the KPIs which is due around the middle of 2021.

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Posted By : Yogender Pancholi on Fri, 31 Jul 2020
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