Konecranes Secures EUR 350M ESG-Linked Credit Line

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by KnowESG
KnowESG_Konecranes sustainability credit facility
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Konecranes has finalised a EUR 350 million revolving credit facility in collaboration with its core relationship banks, emphasising its dedication to sustainability.

The credit facility, with a five-year tenor and potential two one-year extensions, will be used for the group's general corporate purposes while refinancing the previous EUR 400 million facility from December 2017.

This new facility directly reflects Konecranes' sustainability objectives, as the interest margin is linked to two key performance indicators (KPIs). The first KPI measures the reduction of CO2 emissions resulting from Konecranes' own operations, while the second is associated with the utilisation of Konecranes' ecoportfolio.

Konecranes' Group Treasurer, Tomi Hintikka, highlighted the significance of integrating sustainability indicators into their financing, underscoring their commitment to minimising their carbon footprint and supporting climate action. With a target to limit global warming to 1.5 degrees Celsius in alignment with the Paris Agreement, Konecranes recently announced its aim to achieve carbon neutrality in its own operations by 2030.

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Source: Konecranes


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