A number of years ago, Cartamundi embarked on a journey to bring more focus to its sustainability efforts. The company is announcing today a new step on this road to a more sustainable future: it will convert the majority of its existing financing into a sustainability-linked loan.
The commercial terms of our syndicated loan agreement will now directly correlate with the sustainability performance of the company in three key areas:
(i) reduction of greenhouse gas emissions (scope 1 and 2),
(ii) supplier engagement in Cartamundi’s sustainability journey, and
(iii) the overall ESG Score (as assessed by Ecovadis) of the most relevant entities of the group (i.e. these entities that impact the ESG key performance indicators most).
These KPIs align with Cartamundi’s Materiality Matrix, targeting the year 2028, and will be tested annually.
The company looks forward to continuing to improve sustainability across all its operations and encouraging suppliers to join in the journey.
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About Cartamundi – Cartamundi is the worldwide leader in “play” solutions, such as playing cards, card & board games, and collectibles & trading card games. Its team of 3,000 people is united in providing every person the possibility to “Live Different, Play Different.” The family-owned company, headquartered in Belgium, operates a global network of design & sales offices and manufacturing facilities, stretching from the US, over Latin America and Europe, to Japan. Learn more about what we do at https://www.cartamundi.com and follow us on LinkedIn via www.linkedin.com/company/cartamundi
Contact – Britt Janssens, Group Communications, britt.janssens@cartamundi.com
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