Upload
others
View
13
Download
0
Embed Size (px)
Citation preview
Stefan Hess Head of Group Financing, Rating & Bank Relations, Siemens Energy AG
Frank Waechter Global Director Treasury & Insurance, PUMA SE
Henrike Pfannenberg Leiterin des ESG Kompetenzteams Unternehmensbank, Deutsche Bank AG
Transition Finance: Wie ESG-Links die Transformation fördern
Referenten Gastgeber
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
Siemens Energy AG
23. März 2021
Stefan Hess, Head of Group Financing, Rating & Bank Relations
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
Führend im Energiebereich*
Präsent in mehr als
90 Ländern
Weltweit ca.
92.000 Mitarbeiter
Umsatzerlöse im GJ 2020
27,5 Mrd. €
Ein Sechstelder globalen Stromerzeugung
basiert auf unseren Technologien
1 Mrd. € Jährliche Investition
in FuE
>50%Umsatz mit erneuerbaren
Energien und Übertragungs-
technologien
* Alle Angaben: Stand 30.09.2020
23.03.2021 2
© Siemens Energy, 2021
Siemens
Unser Set-up
Das führende „Pure Play“-Energieunternehmen
Siemens Energy AG
© Siemens Energy, 2021
ProdukteLösungen
Services
Unser Angebot
ErzeugungÜbertragung
Speicherung
Entlang der Wertschöpfungskette Breites Technologieportfolio
Von konventionellen
zu erneuerbaren
Energien
Siemens Energy AG
Gas and Power („GP”)Siemens Gamesa
Renewable Energy („SGRE”)
Generation Industrial
Applications
Transmission 67 %-Beteiligung
Central Distributed
Onshore Offshore
New
Energy
23.03.2021 3
Siemens Energy is a registered trademark licensed by Siemens AG.
© Siemens Energy, 2021
Verringerung der
CO2-Emissionen und des
Energieverbrauchs bei
industriellen Prozessen
Transport
und Speicherung
von Energie
Stromerzeugung
mit niedrigen oder
Nullemissionen
4
Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
23.03.2021
© Siemens Energy, 2021© Siemens Energy, 2021
Unsere Verpflichtungen …
Klima-
neutral im eigenen Betrieb bis 2030
„Grüner“
Strom 100 % beim eigenen
Energieverbrauch bis 2023
Geschlechter-
diversität25 % bis 2025 | 30 % bis 2030
(weibliche Führungskräfte auf
Management-Ebene 1 und 2)
Führend bei
Sicherheit Vorreiter beim Thema
Sicherheit in unserer Branche
… unterstützen die Ziele für nachhaltige Entwicklung der Vereinten Nationen
23.03.2021 5
Siemens Energy is a registered trademark licensed by Siemens AG.
Unser Set-upNachhaltigkeit steht im Mittelpunkt unseres Handelns
© Siemens Energy, 2021
€ 3 Mrd syndicated revolving Credit Facility
GHG Emissions (CO2-Equivalent in t)
Reduzierung
Lost Time Injury Frequency Rate
(LTIFR)
• Unser Status*): 292kt CO2 Emissionen (Scope 1+2)
• Unser Ziel: Klimaneutral im eigenen Betrieb bis 2030
• Unser Status*): 0.27
• Unser Ziel: Jährliche Verbesserung, individuelle Ziele
für die Divisionen
€ 3 bn Revolving Credit Facility
▪ Laufzeit: 3 Jahre mit zwei jeweils einjährigen Verlängerungsoptionen
▪ Syndikat: 28 internationale Banken
▪ ESG Margenkomponente
ESG KPIs:
*) FY 2020
23.03.2021 6
Siemens Energy is a registered trademark licensed by Siemens AG.
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
Danke
23.03.2021 7
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
PUMA‘s ESG-LINKED FINANCING STRUCTURE
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
AGENDA
□ PUMA 2020 in easy numbers
□ Sustainability approach at PUMA
□ Deep dive More Sustainable Products
□ PUMA’s 10FOR25 Sustainability Targets as a basis for ESG-linked financing
□ Discussion
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
PUMA 2020 IN EASY NUMBERS
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
PUMA SUSTAINABILITY POSITIONING
DEFENSIVE PROGRESSIVE
COMPLIANCE FOCUS ONLY
COMPLIANCE & RISK
MANAGEMENT+
INDUSTRY COLLABORATION
IMPROVE INTERNAL & EXTERNAL
PERCEPTION AND UNDERSTANDING
AMONG LEADING BRANDS ON SELECTED
SUSTAINABILITY TOPICS
(CLIMATE / WATER / PLASTIC / HUMAN RIGHTS)
SUSTAINABILITY AS STRATEGIC MARKET
DIFFERENTIATOR
2025
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
MAINSTREAMING SUSTAINABILITY
SUSTAINABLEBUSINESS
✓ Economic✓ Environmental ✓ Social
SUSTAINABILITY SEPARATE FROM BUSINESS
SUSTAINABILITY EMBEDDED IN BUSINESS DECISIONS
BUSINESS
SUSTAINABILITY
MA
RC
H 2
02
1P
UM
A B
ETTE
R F
INA
NC
ING
STR
ATE
GY
SUSTAINABILITY TARGETS •
ENVIRONMENTAL P&L(SDG 7, 12)
CONTINUE TO REPORT ON THE EP&L
EVERY YEAR
CHEMICALS(SDG 3, 6)
ZERO DISCHARGE OF HAZARDOUS CHEMICALS FROM OUR SUPPLY CHAIN BY
2020
MATERIALS(SDG 12, 15)
MORE SUSTAINABLE ALTERNATIVES USED FOR OUR KEY MATERIALS (COTTON, POLYESTER, LEATHER, CARDBOARD, PU)
WATER & AIR(SDG 6)
INDUSTRY GOOD PRACTICE FOR CONSUMPTION AND EFFLUENT
TREATMENT IS MET BY 90% OF PUMA KEY SUPPLIERS WITH WET PROCESSING
FACILITIES
CLIMATE(SDG 13)
SCIENCE BASED CO2 REDUCTION TARGET TO BE DEVELOPED (2016) AND
IMPLEMENTED (2020)
HUMAN RIGHTS(SDG 3, 4, 5, 10)
EMBED HUMAN RIGHTS ACROSS OUR OPERATIONS AND SUPPLIERS. POSITIVELY IMPACT THE COMMUNITIES WHERE PUMA
IS PRESENT
STAKEHOLDER ENGAGEMENT
(SDG 17)
STAKEHOLDER DIALOGUEPUBLIC REPORTING (GRI)
CONSUMER INFORMATION
HEALTH & SAFETY(SDG 3)
ZERO FATAL ACCIDENTS; INJURY RATE BELOW INDUSTRY AVERAGE
GOVERNANCE(SDG 8, 16)
MAINTAIN AND RUN A STATE OF THE ARTCOMPLIANCE MANAGEMENT SYSTEM (INCL.
ANTI-CORRUPTION MEASURES)
SOCIAL COMPLIANCE(SDG 3, 5, 8 AND 10)
COMPLIANCE WITH INDUSTRY STANDARDS / ILO CORE CONVENTIONS FOR ALL KEY
SUPPLIERS, INCLUDING TIER 2&3
COMMITTED TO THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
10 FOR 20
TIME4CHANGE
• 100% ORGANIC COTTON
• CLIMATE ACTION MESSAGE
FASHION FORWARD DESIGNS
MEANINGFUL STORY
• REDUCE WASTE
• RECYCLE PLASTIC INTO POLYESTER YARN
• CREATE JOBS
• LAUNCH DATE: FEBRUARY2020
RE
.G
EN
P
RO
CE
SS
AH21
GREEN FINANCING ARRIVED WITH PUMA
FINANCING OVERVIEW
SCHULDSCHEIN LOAN (1+2)
ST CREDIT LINES COMMITTED(VARIOUS SUBS)
FINANCIAL INSTRUMENT(M EUR)
230
REVOLVING CREDIT FACILITY(7 ➔ 9 CORE BANKS, 50,0M ➔ 88,9M EACH)
GREEN
1.436
Dec 31st, 2020TOTAL
800
SCHULDSCHEIN DARLEHEN (3)GREEN 250 *
156
* 235 m EUR paid out in early Jan only
PUMA’s BETTER FINANCING INCL. ESG-LINKSHARE OF TOTAL
73%
5 out of 5 ESG-KPI's reached
4 out of 5 ESG-KPI's reached
3 out of 5 ESG-KPI's reached
2 out of 5 ESG-KPI's reached
1 out of 5 ESG-KPI's reached
0 out of 5 ESG-KPI's reached
Full Bonus 0,05%
Mid Bonus 0,03%
Low Bonus 0,01%
No effect 0,00%
Low Malus -0,03%
Full Malus -0,05%
Tested in Q2/2022 to be applied for2023 & 2024 and in Q2/2024 to beapplied for 2025
4 or 5 out of 5 ESG-KPI's reached
2 or 3 out of 5 ESG-KPI's reached
0 or 1 out of 5 ESG-KPI's reached
4 or 5 out of 5 ESG-KPI's reached
2 or 3 out of 5 ESG-KPI's reached
0 or 1 out of 5 ESG-KPI's reached
Full Bonus 0,025%
No effect 0,000%
Full Malus -0,025%
Full Bonus 0,009%
No effect 0,000%
Full Malus -0,009%
uti
lizat
ion
com
mit
men
t
fee
Tested yearly in Q2 applied thereafteruntil the next test.
AREA TARGET BASE 2019 2020 2021 2022 2023 2024 2025 COMMENTCLIMATE CHANGE
% Renewable Electricity used at
PUMA Entities 79% 81% 83% 88% 92% 96% 100%
Renewable Electricity:Onsite Generation, RE
Tariffs, Recs, Etc.Entities: Owned And
Operated Puma Offices, Stores & Warehouses
BIO-DIVERSITY
100% of Cotton, Polyester Leather
& Down from certified sources
Cotton: 82 %Polyester: 98%Leather: 98%Down: 100%
1 out Of 4 = 100%
2 out Of 4 = 100%
2 out Of 4 = 100%
3 Out Of 4 = 100%
3 out Of 4 = 100%
100%
Certified Sources: Including BCI, Bluesign, Oekotex, LWG, RDS, Etc.
WATER & AIR
Reduce water con-sumption at PUMA Core Suppliers by
15%
105,5 M3/Ton104,4
M3/Ton102,3
M3/Ton98,7
M3/Ton95,0
M3/Ton92,4
M3/Ton89,7
M3/Ton
Covers Textile Fabric Suppliers (Tier 2) where
biggest water consumption occurs
PLASTIC & OCEANS
Eliminate Plastic bags from
PUMA Stores431 Tons Of Plastic Bags
400 Tons Of
Plastic Bags
200 Tons Of
Plastic Bags
100 Tons Of
Plastic Bags
0 Tons Of
Plastic Bags
0 Tons Of
Plastic Bags
0 Tons Of
Plastic Bags
Covers all PUMA owned and operated stores
globally for consumer shopping bags
HUMAN RIGHTS
Expand community engagement to
25.000 hours per year
21.433 Hours12.000 Hours
23.000 Hours
23.500 Hours
24.000 Hours
24.500 Hours
25.000 Hours
As defined in PUMA Community Engagement
Program
ESG-KPI‘S @ PUMA
GREEN FINANCING ARRIVED WITH PUMA
PU
MA
Ta
lks
Su
sta
ina
bil
ity
FO
RE
VE
R F
AS
TE
R
PU
MA
Ta
lks
Su
sta
ina
bil
ity
FO
RE
VE
R F
AS
TE
R
PU
MA
Ta
lks
Su
sta
ina
bil
ity
FO
RE
VE
R F
AS
TE
R
ISN’T “GREEN FINANCING” A PARADOXON?
FRANK’S FOOD FOR THOUGHT
“ESG-LOANS ARE LESS GREEN-WASHING, THAN AVOIDING (MORE EXPENSIVE)
BROWN-BASHING !”
➔With first evidence from studies about better performance of sustainable corp’s, investors and banks see less risk with
their investments / loans
➔With banks offering no premiums for green loans, at least mid-term, upcharge is to be expected for non-green loans.
➔While standards are developing for ESG-investments, green KPI’s / acceptable use of proceeds for ESG-financing
are still under (creative) construction.
➔ Silos within corporates have to be broken up, finance have to be involved into sustainability and vice versa