Metalloinvest improves ESG score and cuts interest on green financing

By Cady Vishniac

Detroit, Jan. 19 – Russia’s Metalloinvest improved its EcoVadis environmental, social and governance scores, thereby lowering its interest rate on its green financing with ING, according to a market release.

Metalloinvest’s most recent rating with EcoVadis is silver at 65 points, a five-point improvement, which is a record year-on-year increase for the company. The average industry rating is 43 points.

ING Bank opened the credit line for Metalloinvest for $100 million in 2019.

Metalloinvest is a Moscow-based mining and metallurgy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.