Evonik is one of the world leaders in specialty chemicals. According to our purpose “Leading beyond chemistry to improve life, today and tomorrow” we are interlinking disciplines, skills, and perspectives so that we can create value-generating and sustainable solutions for our customers. These solutions play a key role in our customers’ products and help them meet their sustainability goals and position themselves for the future. For that we rely, above all, on our innovative capability, which is based on our strong innovation culture.
In 2023 we generated 43 % of sales by products and solutions that come with superior sustainability benefits above or well above market reference. These are what we call our Next Generation Solutions, addressing Evonik’s Sustainability Focus Areas: Fight Climate Change, Drive Circularity, Safeguard Ecosystems and Ensure Health & Well-being.
We established a Green Finance Framework in 2021 and updated it in 2023 incorporating new sustainability targets. The Framework aligns our finance strategy with our sustainability strategy. The objective of the Framework is to issue Green Finance Instruments to assist in financing Evonik’s initiatives to lower our own carbon footprint as well as to grow our contribution as an enabler of sustainable solutions in many other industries. Unlocking this potential can make us a key player in the transition to a low carbon economy. The issuance of Green Finance Instruments will also enable Evonik to engage with those investors who are committed to allocating capital in support of this effort. Our Framework is designed to ensure any Green Finance Instruments issued by Evonik are aligned with the voluntary guidelines as outlined by the International Capital Market Association (“ICMA”) 2021 incl. Appendix of June 2022 Green Bond Principles and the Loan Market Association (“LMA”) 2023 Green Loan Principles, updated from time to time. An amount equivalent to the net proceeds from Evonik’s Green Finance Instruments will be used to finance or refinance, in whole or in part, existing and/or future Eligible Green Projects that meet the Eligibility Criteria as defined in the Green Finance Framework.
