Sweco converts existing EUR 400 million revolving credit facility to a sustainability-linked loan
Sweco’s EUR 400 million credit facility is intended to be utilised for the long-term financing of general corporate purposes and acquisitions. The credit is now being linked to the company’s climate and social sustainability agenda.
The terms and conditions of the credit facility will be linked to targets for Sweco’s long-term initiatives to reduce GHG emissions in own operations and to increase gender equality among employees.
“Sustainability is integrated in everything we do at Sweco. It is therefore a natural step to link the company’s financing to our sustainability targets,” says Olof Stålnacke, CFO of Sweco.
Sweco’s annual interest expense is linked to the annual outcome of two key performance indicators (KPIs) for the company’s sustainability efforts.
The amendment agreement has been entered into with the existing bank group consisting of SEB, Swedbank and Svenska Handelsbanken, with SEB as the sustainability coordinator.