Poland-based coking coal producer Jastrzebska Spolka Weglowa SA (JSW) has announced that it has signed an agreement with a consortium of eight Polish financial institutions for PLN 1.65 billion ($392.39 million) financing for sustainability.
This is the first such financing in the mining sector in eastern Europe and will enable the company to achieve its climate targets. The company aims to reduce greenhouse gas emissions by 27 percent by 2026 compared to 2018, and by 30 percent by 2030.
The consortium of banks and other financial institutions that is provided financing includes Agencja Rozwoju Przemysłu SA, Alior Bank SA, Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki SA, Powszechna Kasy Oszczędności Bank Polski SA, PZU SA, PZU Życie SA and Towarzystwo Finansowe Silesia.