Metso Outotec includes sustainability targets and extends the maturity of its Revolving Credit Facility
Metso Outotec Corporation’s stock exchange release on September 29, 2021, at 09:40 a.m. EEST
Metso Outotec has agreed with its banking group to include sustainability targets to its EUR 600 million Syndicated Revolving Credit Facility, as well as to utilize the facility’s remaining one-year extension option. The sustainability targets included in the facility are:
- CO2 emissions from the Group’s own operations
- CO2 emissions from the Group’s logistics
- The Group’s suppliers having a Science Based CO2 emissions target
The development of these targets will be measured annually. Depending on the achievement of these targets, the margin of the facility will either increase, decrease, or stay the same.
After the extension, the Revolving Credit Facility will mature in September 2026.
“Sustainability is a strategic priority for Metso Outotec. We aim to have a significant positive impact on the environment and people through our offering – our handprint and our own actions – our footprint.
Metso Outotec provides solutions which intensify decarbonization, reduce emissions and advance electrification. We are also committed to reducing the environmental footprint of our own operations. To address the climate change challenge, among the pioneers, we have set Science Based Targets with the goal to limit global warming to 1.5°C. By linking our revolving credit facility to the reduction of CO2 emissions in our footprint, we are demonstrating yet again our commitment to the 1.5°C journey”, says Eeva Sipilä, CFO, Metso Outotec.
Nordea Bank Abp acted as the sustainability coordinator in respect of the amendment process. “Nordea would like to congratulate Metso Outotec on signing this RCF amendment, which includes certain sustainability KPIs and targets. Metso Outotec is already recognized as a sustainability leader in its industry, and with this sustainability-linked loan looks set to build on this position”, says Jacob Michaelsen, Nordea’s Head of Sustainable Finance Advisory.
Further information, please contact:
Minna Helppi, SVP Group Treasurer, Metso Outotec Corporation, tel. +358 40 772 1024
Nasdaq Helsinki Ltd
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for 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.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/