NIB and Faerch agree on sustainability-linked financing
The Nordic Investment Bank (NIB) and Faerch Group Holding A/S, the Danish supplier of thermoformed food packaging, have signed a ten-year sustainability-linked loan. The loan is connected to Faerch’s technology development and circularity targets, driving the transition to a net-zero and circular food packaging industry.The EUR 100 million loan will co-finance Faerch’s expansion and development of recycling facilities in Europe. The sustainability linked loan includes two key performance indicators (KPIs), with targets linked to avoided CO\2\e emissions and recycling yield, a measure of