Project Details
Project
Fabbrica Italiana Sintetici Sustainability-Linked Bond Second-Party Opinion (2022)
Client
Fabbrica Italiana Sintetici
Project Type
Sustainability Linked Bond or Note
Industry Group
-
Use of Proceeds
-
Location
Italy
Evaluation Date
Jan 2022
Evaluation Summary
Sustainability-Linked Instruments
Sustainability-Linked Bond Principles 2020
Sustainalytics is of the opinion that the Fabbrica Italiana Sintetici Sustainability-Linked Bond Framework aligns with the Sustainability-Linked Bond Principles 2020. Overview of KPIs and SPTs:
KPI | SPT | Strength of the KPI | Ambitiousness of SPT |
Absolute scope 1 and 2 GHG emissions (tCO2) | Reduction of absolute scope 1 and 2 GHG emissions by 20% by 2026, against a 2020 baseline | Adequate | Ambitious |
Freshwater consumption (m3) | Reduce freshwater consumption by 20% by 2026, against a 2020 baseline | Strong | Ambitious |
Ratio of waste sent to external disposal to external recovery (%) | Reduction of ratio of waste disposal to recovery by 20% by 2026, against a 2020 baseline | Adequate | Ambitious |
Climate Transition Finance Handbook
Sustainalytics has evaluated FIS’s transition governance, strategy, decarbonization targets, and intentions to report on transition progress and finds the Company to be partially aligned with the recommendations of the Climate Transition Finance Handbook 2020. While FIS does not have a distinct climate transition strategy, its sustainability strategy speaks of emissions reductions and directly addresses the environmental impacts of its core business. In addition, FIS is committed to disclosing investment relevant to its transition strategy and to report on the climate-related outcomes of its implementation.