Headquartered in Linz, Austria, the Company is a leading global steel and technology Group with a combined materials and processing expertise, operating in 50 countries across six continents and employing over 51,000 people. voestalpine is listed on the Vienna Stock Exchange.

 On September 19, 2024, IFC’s board authorized an investment of up to €150 million in the green bonds of voestalpine. The proceeds of the Green Bond will be used for CAPEX aimed primarily at achieving GHG emission reductions, but also for other eligible investments. The eligibility criteria are defined in voestalpine’s Green Financing Framework (GFF).

 Brazil, Poland, Romania.                                                 

 This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability. Based on the information reviewed by IFC, the proposed project is expected to have mainly positive impacts in terms of carbon emission reductions and limited adverse environmental and social (E&S) risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures, as described in the following sections.

Key E&S aspects associated with the project are: (i) adequacy of Voestalpine’s E&S management systems and its ability to assess and manage project E&S risks and impacts per IFC PSs; (ii) labor and OHS management (including contractor management) and (iii) supply chain management.