Here’s the Daily ESG Digest for June 10th, Friday.
1. (North America) $1.5 Billion Sustainability Linked Credit. Global semiconductor equipment and services company KLA Corporation announced today the closing of an inaugural $1.5 billion sustainability-linked revolving credit facility, with costs on the debt tied to performance against its goals to increase the use of renewable energy and cut CO2 emissions. (Link)
2. (Global) PET Recycling Coalition. Circularity-focused organization The Recycling Partnership announced today the launch of the PET Recycling Coalition, a new initiative aimed at improving the circularity of PET, one of the most commonly used plastics used for bottles and food packaging. (Link)
3. (Europe) Race Cars Using 100% Renewable Fuels. For the first time in the endurance event’s history, the 62 race cars competing in the 90th 24 Hours of Le Mans will be supplied with a 100% renewable fuel developed and produced by TotalEnergies: Excellium Racing 100. This zero-oil fuel will deliver a reduction in CO2 emissions of at least 65% over its lifecycle. (Link)
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