Green Finance Framework Contents 1
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Green Finance Framework Contents 1. Company Overview 1. Company overview 3 Renewi, created in 2017 by the merger of Shanks Group plc a wide range of used materials into useful products and and Van Gansewinkel Groep B.V., is a leading waste-to-product raw materials for our customers, like recycled paper, metal, 2. Renewi’s unique waste-to-product approach 3 business ideally positioned to be part of the solution to some plastic and glass, woodchips, compost, energy, fuel and other of the main environmental problems facing society today: products. 3. Our approach to Corporate Social Responsibility (CSR) 6 reducing waste, avoiding pollution, and preventing the In the process we protect the world from contamination, unnecessary use of finite natural resources. preserve finite natural resources and enable customers to 4. Basis of Renewi’s Green Finance Framework 7 We are listed on the London Stock Exchange and are a meet their sustainability goals. With our deep international constituent of the FTSE250 index. With over 8,000 employees expertise we also provide our customers with an extensive 5. Use of Proceeds 8 in Europe and North America, we have deep expertise and an product range, combined with local service and attention. 6. Process for Project Evaluation and Selection 8 extensive breadth of waste management products and services. Above all, our team is committed and passionate about our For us waste is a state of mind, an opportunity. When we take mission: Waste No More. 7. Management of Proceeds 9 away someone’s waste, we then give it new life. We transform 8. Reporting 10 9. External Review 11 Van Gansewinkel Shanks 2. Renewi’s unique waste-to-product approach Renewi’s vision is to be the leading waste-to-product company, exclusively focusing on extracting value from waste rather than on its disposal through mass burn incineration or landfill. By focusing on extracting value Commercial Hazardous Municipal Monostreams from waste and giving new life to used materials, we play an important role in the circular economy by keeping resources in use for as long as possible through recycling Integration and recovery. delivery Of the 15 million tonnes of waste Renewi handled in the year to March 2017 each year, 90% is either recycled or used for energy recovery. We produced 172 million KwH of Margin improvement green energy last year – enough to supply 40,000 homes. Our unique waste-to-product approach addresses social and regulatory trends. It also offers the most capital Strategic efficient solution to the effective recycling and sustainable expansion management of waste. We are delivering against a clear strategy to drive growth in each of our four divisions. We also have four Portfolio over-arching strategies which are: integration delivery, management margin improvement, strategic expansion and portfolio management. The graphic on the next pages illustrates how we do this in each division. 2 | RENEWI | Green Finance Framework 2018 Green Finance Framework 2018 | RENEWI | 3 Our divisions Commercial Our divisions: Municipal The Commercial Division covers the collection, sorting, The Municipal Division operates waste treatment facilities for treatment and ultimate disposal of waste materials from UK and Canadian city and county councils under long-term a range of sources. As the largest division within Renewi, it contracts, typically 25 years. Such contracts are established operates in the Netherlands and Belgium and addresses the primarily to divert waste from landfill in a cost-effective and high volume waste segments of industrial & commercial, sustainable way. construction & demolition and municipal collection. In the UK, a typical PFI or PPP contract, a special purpose We are the market leader in the Benelux and provide vehicle (SPV) is created to finance the construction of the customers with cost-effective waste management solutions treatment assets and a club of banks provides the funding. In whilst giving waste a second life as high-quality raw materials Canada the facilities are generally funded from our own balance and energy. We make a range of products from the waste we sheet, supported by long-term contracts. Our products include collect, including: paper, glass, recovered fuels, plastic, metal, paper, glass, recovered fuels, plastics, metals, compost and compost and woodchips. green electricity. For more information about our divisions, or our business more generally, please visit our website: www.renewiplc.com Hazardous The Hazardous Waste Division operates in the Netherlands and In the first year of our journey to becomingOPE theR AleadingTIONS waste-to-product company we have: Germany. Our ATM facility in Moredijk is the European leader in the treatment of contaminated soil and water. It also treats a broad range of hazardous waste such as waste paints and solvents. Our Reym industrial cleaning business is a leader in the We recycle around We recycle some We recycle around Netherlands for heavy industry, petrochemical sites, oil and gas production (both on and offshore) and the food industry. We 1.2 million tonnes 552,000 tonnes 1.8 million tonnes have a unique proposition in the market, providing a full-service of glass a year. of paper and card a year. of demolition and rubble That translates to around That is equivalent to nearly wastes a year – enough to build offering to our customers under our “Total Care” offering. We more than create three primary products: cleaned water, clean soil and 4.7 billion 2 billion inert ash. glass bottles, or nine bottles for every newspapers 15,000 person in the European Union houses Monostreams Our Monostreams Division operates in the Benelux, France, Our activities avoid We recycle or recover nearly We treat approximately Germany, Hungary and Portugal. It focuses on specialist 2.88 million tonnes 90% 900 million litres markets which produce valuable products for the emerging of carbon dioxide emissions each of the waste we receive, of water a year, circular economy such as glass cullet, plastic chips/granulates year – that’s the equivalent of almost transforming around an activity that is and fertilisers. all the annual CO2 emissions of critical in preventing Coolrec is a recycler of electrical and electronic equipment, households in Amsterdam 14 million tonnes potential pollution of waste into valuable products or including both ferrous and non-ferrous materials. The energy each year Mineralz business provides unique landfill services to manage specialist waste streams such as NORM waste. Orgaworld is an innovative leader in organic waste treatment and is a producer of green electricity and soil enhancing materials. Maltha is a Projects include partnering with Philips to produce a glass recycling specialist focused primarily on recycling flat and vacuum cleaner made from container glass into “cullet” and glass powder for reuse in the glass industry. 36% recycled plastic, working with Miele to deliver cast iron for washing machines, We have a number of flagship partnerships to make innovative producing bricks from ashes formed by incineration, and products from waste in this division, such as a Philips vacuum creating packaging from crop waste cleaner made from 36% recycled plastics and medals for the Dutch National Ice Skating Championships made from recycled mobile phones. We work across five divisions: 4 | RENEWI | Green Finance Framework 2018 Netherlands Belgium Hazardous Waste MonGreenostreams Finance FrameworkMunici 2018pal | RENEWI | 5 Commercial Commercial Treating soil, Managing a range Operating long-term Collecting, sorting, Collecting, sorting, water and packed of waste streams waste management treating and recycling treating and recycling chemical waste and which focus on contracts with local commercial and commercial and conducting specialist specific end markets authorities in the UK household waste in household waste industrial cleaning such as glass, and Canada the Netherlands in Belgium services and waste electronic goods, logistics organics and minerals www.renewi.com 3. Our approach to Corporate 4. Basis of Renewi’s Green Social Responsibility (CSR) Finance Framework At Renewi, we recognise that the world’s natural and prevent the unnecessary use of finite natural resources, The ICMA Green Bond Principles, and LMA Green Loan Principles resources are limited and we need to preserve them. we aim to protect those resources from contamination and (together “Green Finance”) are each a set of voluntary guidelines 1. Use of Proceeds preserve them for future generations. that recommend transparency and disclosure and promote That is why we are dedicated to giving new life to used As a recyclerOPER weATIONS play a tangible and important role in the integrity in the development of the green finance market by 2. Process for Project Evaluation and Selection materials and recovering energy. Whether we are turning circular economy. After products have been used for as long as clarifying the approach for issuing a green finance. In alignment 3. Management of Proceeds construction waste into aggregates or transforming household possible, recycling will close the loop and bring valuable raw with the ICMA Green Bond Principles 2017, and LMA Green Loan 4. Reporting waste into fuel, we tackle the full range of waste recycling and materials back into the product value cycle. Principles 2018, Renewi’s Green Finance Framework is presented recovery. We recycle around We seek toWe keep recycl eresources some in use for as longWe as rec possibleycle around through the following key pillars: This means we can provide new materials1.2 m foril manufacturerslion tonnes through650 re-use,,000 asto partnn eofs our commitment1.8 m toil thelio ncircular tonn es to create products and enable our customersof gtolas meets a year . economy.of pa per and card a year. of demolition and rubble That translates to around That is equivalent to nearly wastes a year – enough to build their sustainability goals. Our work is the pragmatic4.7 billi faceon of We areover proud 2 of b ourilli oCSRn performance as demonstratedmore than in our sustainability.