MILTON KEYNES, UK, Feb. 13, 2019 (Press Release) -International waste-to-product company, Renewi plc has won sustainable finance and corporate communication awards.
At the Association of Corporate Treasurers (ACT) “Deals of the Year” awards, Renewi won the award for “Sustainable Finance Deal of the Year”. The awards celebrate the achievements of corporate treasury, recognising innovation and excellence.
Renewi is wholly focused on sustainability, with the vast majority of its assets classified as “green”. The company was one of the first large companies to refinance its entire bank borrowings using a green certification in 2018. The facility was one of the first to introduce sustainability improvement into the terms of the borrowing facility. Accordingly, Renewi benefits from a lower margin payable on its borrowings in the event that it achieves each of five ambitious sustainability objectives.
Renewi also launched Green EUPP and Green operating lease programmes in December 2018. The EUPP is a €25m issuance to add an important new non-bank source of funding to Renewi’s existing retail bonds and bank facilities. The operating lease programme reduces Renewi’s operating costs due to the efficiency of new Euro 6 trucks.
In addition, Renewi was highly commended in the ACT “Small Treasury Team of the Year”. At the Corporate Content Awards, Renewi scooped prizes for its internal communications and innovative use of video communication.
Toby Woolrych, CFO at Renewi said:
“Our transformational merger has created a leader in the circular economy. We were delighted to be one of the first large companies to launch our innovative sustainable finance facilities last year. To be recognised for these efforts by this awards programme is a credit to our Renewi team and the partners involved.”
Renewi is a leading waste to product company that gives new life to used materials every day. We have more than 8,000 employees working at 200 sites across Europe and North America. Our extensive operational network means we are always close to our customers.
For Renewi, waste is a state of mind, and an opportunity. Our many years of knowledge and experience, combined with a broad range of services, allow us to offer sustainable, practical recycling solutions. We use innovation and the latest technology to turn waste into useful materials such as paper, metal, plastic, glass, wood, building materials, compost and energy.
In other words, we turn today’s waste into tomorrow’s raw materials.
The result of our work is less waste and contamination, a smarter use of scarce raw materials, and a reduction in carbon emissions. This means that we are contributing towards a cleaner, circular world in which we “waste no more”.
Renewi was created in 2017, following the merger of Shanks Group plc with Van Gansewinkel Groep BV, and is listed on the London Stock Exchange.