The company has published its Green Finance Framework and recently demonstrated FLXdrive, said to be the world’s first 100% battery-powered, heavy-haul freight locomotive with 20,000 battery cells to cut the world’s carbon footprint.
Pittsburgh-based Wabtec Corp. has outlined how the company will use green financing instruments to accelerate the development of technologies that enable sustainable value creation for both the passenger and freight rail sectors. Its Green Finance Framework is supported by a second-party opinion from Sustainalytics, a Morningstar company, and a globally recognized provider of ESG (Environmental, Social, and Corporate Governance) research, ratings, and data. The framework, developed with the company’s sustainability strategy, is in line with the ICMA (International Capital Market Association) Green Bond Principles 2018, and the LMA (Loan Market Association) and APLMA Green Loan Principles 2018.
Proceeds of green bonds and loans issued by Wabtec will
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