Votorantim Cimentos sees ESG ‘point of no return’ after domestic SLB innovation

Votorantim Cimentos, Brazil, cement, factory, plant, LatAm, 575
By Oliver West
29 Apr 2021

Brazilian cement maker Votorantim Cimentos’ CFO said that the company would prioritise sustainability-linked structures in its future fundraising, after it sold a domestic SLB in March that used linked the call price — rather than the coupon — to key performance indicators (KPIs).

Votorantim Cimentos, which has several international notes outstanding in dollar and euro markets, has not tapped cross-border bond markets since September 2016.
But as far back as 1999, the company helped to launch the Cement Sustainability Initiative (CSI), and between 1990 and 2019 reduced its greenhouse gas emissions ...

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