Konecranes Secures EUR 350M ESG-Linked Credit Line

Published on:
by KnowESG
KnowESG_Konecranes sustainability credit facility
Image courtesy of Freepik

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.

For more sustainable finance news

Source: Konecranes

Share:
esg
esg
esg
esg

Sustainable Finance Headlines

SMEs Go Green with North Lanarkshire Grants

SMEs Go Green with North Lanarkshire Grants

Sustainable Finance in ASEAN Expands

Sustainable Finance in ASEAN Expands

Saudi Arabia Unveils Green Finance Framework

Colombia Gets $750M for Climate Shift

Circular Secures $10.5M for Recycled Materials Platform

SocGen Wins Top Sustainability Bank

BEA Grants Wilmar $100M Sustainability Loan

RBC's Push for Client Decarbonisation

MFSA Campaign Exposes Greenwashing Risks

CBA Backs Green Businesses with New Loan