Fortescue Metals Group has developed a Sustainability Financing Framework, enabling the future issuance of Green and Social debt instruments that will support investments in eligible green and social projects.
The Framework reflects Fortescue’s strong ongoing commitment to environmental, social and governance (ESG) leadership and aims to align the Company’s funding policy with its sustainability strategy and climate change objectives.
In April 2022, we successfully completed a US$1,500 million Senior Notes offering, which included our inaugural US$800 million 10-year Green Use of Proceeds Notes, which will be applied to eligible green projects. The Climate Bonds Initiative has included this capital raising on its green bond database.
The allocation of proceeds are disclosed annually in Fortescue’s Annual Report.