“Excellent” rating from Sustainable Fitch
ATOME PLC has received an "Excellent" rating from Sustainable Fitch for its Green Finance Framework, a crucial document for the financial close of its 260,000 tonnes-per-year low-carbon fertiliser plant in Villeta, Paraguay. This framework details how debt financing proceeds for the Villeta Project will be managed and tracked, demonstrating robust governance and alignment with Green Loan Principles. This positive assessment follows the recent announcement of a US$420 million debt package for the project.
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ATOME (AIM: ATOM), the world-leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, is pleased to announce that Sustainable Fitch, the leading provider of independent ratings, opinions, research, and analytics for sustainable finance, has provided a Second-Party Opinion ("SPO") with an assessment of "Excellent" on ATOME's Green Finance Framework relating to the landmark, 260,000 tonnes-per-year, low-carbon fertiliser plant at Villeta, Paraguay ("Villeta" or "the Project").
Green Financing Framework
ATOME has received an "Excellent" assessment in the SPO provided by Sustainable Fitch, a leading provider of ratings and opinions across all asset classes.
The Green Finance Framework is a necessary document for project financial close which states how ATOME's governance and management systems will track and manage the debt financing proceeds allocated to the Villeta Project.
Sustainable Fitch states that ATOME's Green Finance Framework demonstrates robust governance and aligns to key Green Loan Principles. The publication of the SPO report follows the recent announcement signing of the US$420 million debt package for the Villeta Project. A copy of the report can be found on Sustainable Fitch's website: https://www.sustainablefitch.com/
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