Metso Outotec Corporation exit from the stock market on December 8, 2021, at 1:00 p.m. ET
Metso Outotec and the Nordic Investment Bank (NIB) today signed an eight-year contract 100 million euros sustainability loan agreement. Loan terms are linked to mutually agreed sustainability goals that relate to Metso Outotec reduce CO from its own operations and supply chain2 emissions by 2025.
Sustainability is a strategic priority for Metso Outotec and the company has set science-based targets (SBT) in alignment with limiting global warming to 1.5 degrees. The Sustainability Loan Agreement is the continuation of Metso Outotec previous agreement in September 2021 with the core banking group to include sustainability objectives in the 600 million euros Syndicated revolving credit.
Metso Outotec and the NIB have agreed to include three objectives related to sustainability in the loan which are:
- CO reduction2 emissions from the Group’s own activities
- CO reduction2 Group logistics emissions
- Group suppliers with a Science Based CO2 emission reduction target
The evolution of these targets will be measured annually. Depending on the achievement of these goals, the price of the loan will decrease or increase.
“The loan linked to the sustainable development of the NIB will finance Metso Outotec sustainable development ambitions, contributing to the company’s efforts to reduce CO emissions2 emissions from their activities. Linking funding to sustainability goals effectively helps companies integrate sustainability into their strategy and achieve ambitious goals, ”said André Küüsvek, President and CEO of the Nordic Investment Bank.
“In addition to managing our CO handprint2 emissions, emissions from customer operations, reducing the environmental footprint of our own operations and in our logistics and supply chain is a high priority for Metso Outotec. We further underline this commitment with sustainable funding. I am delighted with the good cooperation with NIB in designing this sustainability loan agreement. CO reduction2 emissions is fundamental for all of us to limit global warming to 1.5 degrees. Together with NIB, we have truly built an example of industry-leading sustainable financing, ”says Eeva Sipilä, CFO, Metso Outotec.
For more information, please contact:
Minna helppi, Group SVP Treasurer, Metso Outotec Corporation, Phone. +358 40 772 1024
Metso Outotec Corporation
Nasdaq Helsinki Ltd
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects inside and outside member countries. NIB has the highest possible credit score, AAA/ Aaa, with the main rating agencies Standard & Poor’s and Moody’s.
Metso Outotec is a pioneer in sustainable technologies, end-to-end solutions and services for the aggregates, mineral processing and metal refining industries globally. By improving the energy and water efficiency of our customers, increasing their productivity and reducing environmental risks through our product and process expertise, we are the partner of positive change.
Metso Outotec is committed to limiting global warming to 1.5 ° C with science-based targets. We ranked 8th on the 2021 Global 100 list of the world’s most sustainable companies.
Based at Helsinki, Finland, Metso Outotec employs more than 15,000 people in more than 50 countries and its turnover for 2020 was approximately 3.9 billion euros. The company is listed on Nasdaq Helsinki. mogroup.com, twitter.com/metsoutotec
(c) Decision 2021. All rights reserved., source Press Releases – English