NIB signs sustainability-linked loan with Kesko
The Nordic Investment Bank (NIB) and Finnish Kesko Oyj have signed a EUR 150 million 7-year loan linked to Kesko’s goal of reducing greenhouse gas emissions and food waste. The loan will support Kesko’s ambition to minimise the impact on the climate and nature through own operations and its value chain. The interest rate margin on the sustainability-linked loan is tied to three key performance indicators (KPIs). The agreed KPIs are part of Kesko’s wider sustainability strategy. “The trading sector has a significant impact on our everyday life and on the environment, and the industry’s