In business, money is the ultimate indicator of success, i.e. profitability. In addition to trying to figure out sustainability costs and benefits internally, the finance market can give you an idea of how sustainable a company is.
In August 2023, NRC Group launched its first Green finance framework explaining our commitment to further develop our offering within the sustainable infrastructure sector. The framework explains how NRC Group approaches sustainability, and how it uses green finance instruments in sustainable transportation projects. It involves building, modernizing, and maintaining rail infrastructure, as well as acquiring and operating the machines we use. For NRC Group, this is nothing new, simply business as usual, but this time we had an external party evaluate our approach based on the environmental benefits. Our framework was rated Dark Green by S&P Global Ratings, which is the highest score possible on the Shades of Green scale. The governance assessment, however, achieved a level of Good. We didn´t get the top score on the governance assessment because we have limited influence over project design and the embodied emissions associated with them. As a result of the second party review, NRC Group's framework is aligned with the green bond principles . Overall, the result is impressive, but will investors be impressed with it?