All three Sustainability-Linked Bond KPIs successfully achieved, and reinforcing the business value of sustainability-led operational improvements
Milan _ RDM Group, a leading European cartonboard producer, has announced the successful achievement of all three Sustainability-Linked Bond (SLB) targets tied to its sustainability-linked financing framework according to their testing date targets, marking a major milestone in the Group’s environmental strategy and financial performance.
The targets were formally tested on 31 December 2025. RDM Group exceeded all three performance thresholds linked to carbon intensity, waste recovery and wastewater discharge.
The achievement demonstrates the Group’s ability to align operational sustainability improvements with disciplined financial management, crucially reinforcing sustainability as a core driver of long-term value creation.
Strong performance across all sustainability targets
Carbon intensity
RDM Group outperformed its carbon intensity target of maximum 0.421 tCO2e/ton of production, achieving 0.397 tCO2e/ton in 2025, representing a 20% reduction compared with the 2020 baseline.
The result was driven by increased procurement of renewable electricity, which rose to 79% in 2025 from 42% in 2024, alongside process efficiency initiatives and improved balancing of production capacity across the mill network
Waste recovery
The Group also surpassed its waste recovery target of minimum 86.2%, reaching 89.78% in 2025, approaching its longer-term 2030 objective of 90%.
The improvement reflects continued collaboration with waste management partners and ongoing initiatives to strengthen circularity across operations.
Wastewater discharge
Finally, RDM Group achieved wastewater discharge intensity of 8.94 m3/ton in 2025, outperforming the target threshold of maximum 9.22 m3/ton and representing a 19% reduction compared with the 2020 baseline.
The result highlights sustained investments in water efficiency and process optimisation throughout the Group’s production network.
“We are proud of reaching our SLB targets according to their testing date reflects the genuine environmental progress in all key areas of carbon emissions, waste and water management, being delivered across the Group” said Krzysztof Krajewski, Chief Sustainability and Innovation Officer of RDM Group
The Group’s 2025 Sustainability-Linked Bond Progress Report received a positive third-party opinion from PwC in accordance with the criteria set out in the Sustainability-Linked Financing Framework and the related Offering Memorandum.
The achievement builds on the progress highlighted in RDM Group’s latest sustainability reporting, which showed continued reductions in emissions, waste generation and wastewater discharge across the business as the Group advances towards its 2030 environmental objectives.
