Xylem Recognized for Excellence in Sustainable Finance
18 4월 2024 - 9:00PM
Business Wire
Innovative $1 Billion Credit Facility Ties
Interest Rates to Sustainability Performance
Global water technology leader Xylem (NYSE: XYL) has been
recognized for excellence in sustainable finance for its $1 billion
Revolving Credit Facility. Awarded Sustainability-linked Loan of
the Year (Americas) by Environmental Finance magazine, the credit
facility ties the facility fee and interest rates to Xylem’s
performance against its 2025 sustainability goals.
Targets include measuring and reducing greenhouse gas emissions
across the company’s operations and supply chain, and enabling
customers’ carbon footprint reduction with Xylem products.
“Our sustainability performance is most meaningful when it
enables our customers and partners to improve their sustainability
outcomes,” said Claudia Toussaint, Senior Vice President, Chief
People and Sustainability Officer at Xylem. “In addition to
addressing our company’s footprint, we see enormous opportunity to
advance customers’ sustainability progress through technology. In
doing so, we drive value for our customers and their communities,
and for our capital market participants.”
Xylem established leadership in sustainable financing in 2019
when it executed its $800 million Revolving Credit Facility – the
first of its kind in the U.S. General Industrial Sector. In 2020,
the company adopted a Green Finance Framework, under which it
completed a $1 billion green bond offering. The proceeds of the
bond were allocated to green projects that improve water
accessibility, water affordability, and water systems resilience.
In 2021, Xylem launched an ESG-linked demand deposit account with
Goldman Sachs, tying the interest earned on deposits to progress
against its 2025 sustainability goals.
Environmental Finance commended Xylem for its comprehensive
supply chain impact and overall sustainability progress. ING, one
of a syndicate of lenders that arranged the credit facility, also
noted the company’s sustainability leadership.
“Xylem is at the leading edge of sustainability, and this award
is a testament to that,” Ana Carolina Oliveira, Head of Sustainable
Finance Americas at ING, said. “The company continues to raise the
bar, increase ambition, and deliver positive impacts at the
corporate, supplier, and customer levels.”
Xylem will release its 2023 Sustainability Report in May. For
more information, visit:
https://www.xylem.com/en-us/sustainability/
About Xylem Xylem (XYL) is a leading global water
technology company committed to solving the world’s critical water
challenges with innovation and expertise. Our 23,000 diverse
employees delivered combined pro forma revenue of $8.1 billion in
2023. We are creating a more sustainable world by enabling our
customers to optimize water and resource management and helping
communities in more than 150 countries become water-secure. Join us
at www.xylem.com and Let’s Solve Water.
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version on businesswire.com: https://www.businesswire.com/news/home/20240418812396/en/
Houston Spencer +1 (914) 323-5723 Houston.Spencer@xylem.com
Xylem (NYSE:XYL)
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부터 10월(10) 2024 으로 11월(11) 2024
Xylem (NYSE:XYL)
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부터 11월(11) 2023 으로 11월(11) 2024
