FSC publication highlights certification’s value in impact investing

In its Global Strategic Plan 2015-2020, FSC committed to offering new tools for certificate holders to access ecosystem services markets. This is part of a broader strategy to increase the market value of FSC as ecosystem services can result in increased net revenue for forest owners. The FSC ecosystem services tools include a new procedure to demonstrate the impact of forest management activities on ecosystem services and how to access their markets.

Owens-Illinois, Inc. is the first food and beverage packaging company to achieve a gold rating in material health on the Cradle to Cradle Product Scorecard. The Cradle to Cradle Certified(TM) Products Program is one of the premier sustainability certifications for products around the world and across industries. "The certification provides brand owners, consumers, regulators, and shareholders tangible validation of our company's ongoing commitment to sustainability," said Jim Nordmeyer, VP, Global Sustainability at O-I. "It's an important baseline and helps us identify next steps to improve our environmental and social performance." Nearly 90 percent of O-I's glass operations were certified across product categories and for certain container colors in the beer, non-alcoholic beverage (NAB), spirit, wine and food markets. The certification is based on five categories: material health, material reutilization, water stewardship, renewable energy use, and social fairness. Click Read More below for additional information.

Huhtamäki Oyj has signed a EUR 450 million sustainability-linked syndicated multi-currency revolving credit facility loan agreement (“RCF”) with a maturity of five (5) years. The RCF refinances an existing EUR 400 million sustainability-linked syndicated revolving credit facility signed in January 2021 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options at the discretion of the lenders. The Mandated Lead Arrangers and Bookrunners of the RCF are Citi, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Commerzbank Aktiengesellschaft, Danske Bank A/S, DBS Bank Ltd., London Branch, J.P. Morgan SE, Landesbank Hessen-Thüringen Girozentrale, OP Corporate Bank Plc., Raiffeisen Bank International AG and Standard Chartered Bank AG.