NIB signs sustainability-linked loan with Electrolux Group
The Nordic Investment Bank (NIB) and AB Electrolux have signed a USD 150 million (approximately EUR 140 million) eight-year sustainability-linked loan. Electrolux Group was one of the first 100 companies worldwide to sign up for the Science Based Targets initiative (SBTi) and get their carbon emission reduction targets approved by SBTi back in 2018. The targets were fulfilled in 2022, three years ahead of target. New carbon emission reduction targets were approved by SBTi in 2023 in which Electrolux Group aims to reduce carbon emissions from own production facilities (Scope 1&2) by 85%