Scope ESG Analysis (Scope ESG) has been commissioned by Genexis Group AB to conduct a post-issuance verification report on its sustainability-linked bond (SLB) issuance. This report assesses the progress made toward the 2022 key performance indicators (KPIs) and sustainability performance targets (SPTs) outlined in Genexis’ sustainability-linked bond framework (SLB Framework).
SPT 1.1 55.0% of total plastic materials used in final products to consist of recycled plastics by 2026.
SPT 2.2 SPT to be validated by the Science Based Target Initiative (SBTi) in 2024.
Scope ESG has verified the performance of the KPIs set by Genexis in accordance with its SPTs outlined in the SLB Framework of May 2022. It is with limited assurance level that nothing has come to our attention that causes us to believe that the reported data, underlying calculations or the progression towards the SPTs are not in line with the issuer’s commitments as stated in the bond documentation, with the exception of the near-term sub-target which fell behind of the expected linear progression for the year 2024.
Read the full report: Verification Report SLB Genexis 17042025
