On Thursday, January 9th, RBC announced a new 11 year sustainability-linked benchmark for Heathrow Funding Limited. The transaction represents Heathrow’s second European denominated SLB since publishing its Sustainability-Linked Bond Framework in June of 2023.
Heathrow’s ambitious carbon emission targets from the framework address 100% of the company’s carbon footprint and have been accredited by the SBTi as being in line with a 1.5-degree pathway which is a first for the broader aviation sector.
RBC acted as joint active bookrunner on the transaction.
