TRIMET Aluminium SE has concluded a new revolving credit with a consortium of banks to secure its capital requirements for upcoming investments. The materials specialist will thus have access to 250 million euros over the next three to five years, which the company can draw on as required. As an ESG loan, the interest rate depends mainly on the company’s performance in terms of environmental and social sustainability and compliance with transparent control processes in corporate management.
With the capital base, the aluminium producer is continuing on its path of aligning its aluminium smelters, foundries and remelting plants on more climate-friendly production. The independent, owner-operated family business is pursuing the goal of producing climate-neutral aluminium at its production sites in Germany by 2045.
“The credit line with its special conditions further confirms our strategy of investing in sustainability to make TRIMET plants fit for the future and to promote our competitiveness as a domestic materials producer,” says Philipp Schlüter, CEO of TRIMET Aluminium SE.
The company’s specific contributions to sustainability influence the borrowing costs of the ESG loan. The corresponding key figures are based on the results of the annual EcoVadis rating, which currently place TRIMET in the “Silver” category. EcoVadis is one of the world’s leading service providers assessing corporate activity against international sustainability criteria and corporate social responsibility standards. The rating forms the basis for the interest rate calculation. If TRIMET achieves its sustainability targets, the interest margin is reduced.