UPM signs a EUR 750 million revolving credit facility with a margin tied to long-term biodiversity and climate targets
(UPM Helsinki, 17 March 2020 at 10:00 EET) – UPM is one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to both biodiversity and climate targets. The margin of the RCF is tied to two key performance indicators (KPIs): · achievement of a net positive impact on biodiversity in the company’s own forests in Finland · a 65% reduction of CO\2\ emissions from fuels and purchased electricity by 2030 from 2015 levels, in line with UPM’s commitment to UN Business Ambition for 1.5°C “Connecting UPM’s sustainability performance