Alligo sustainability-links its loans with Handelsbanken

Alligo has entered a sustainability-linked loan agreement with Handelsbanken of SEK 2.3 billion. The loans are connected to the Group’s sustainability targets regarding responsible supplier relationships, gender quality and reducing electricity consumption.

Sustainability is business critical for Alligo and an integrated part of the Group’s business model. The sustainability-linked loans mean that Alligo has a financing solution that is directly connected to the Group's sustainability targets.

-          The sustainability link is a confirmation of how we work and address key sustainability issues. In addition, the link helps to drive Alligo's sustainability work and our business forward, says Clein Ullenvik, CEO and President of Alligo.

The agreement signed with Handelsbanken sustainability-links granted loans of SEK 2.3 billion

-          Alligo has a stable financial position. For us, it is important that our sustainability work is connected to our financing operations, says Irene Bellander, CFO of Alligo.
 

-          We are very pleased to act as advisors and sign Alligo’s first sustainability-linked loans, a collaboration that focuses on the Group’s ambitions in its sustainability work. The structure contains a double materiality, which is in line with the requirements of the EU’s new directive for sustainability reporting, CSRD (Corporate Sustainability Reporting Directive), says Emelie Persson Lindqvist, Handelsbanken

The loans are connected to Alligo’s sustainability targets:

• Responsible supplier relationships
• Gender quality
• Reducing electricity consumption*
  * In 2025, Alligo will set targets for reducing climate impact in line with the Science Based Targets initiative. The new climate targets will then be linked to the loans.

For further information, please contact:
Clein Ullenvik, CEO & President
Irene Wisenborn Bellander, CFO
Phone +46 8 712 00 00
ir@alligo.com
 

About Alligo
Alligo is a leading player within workwear, personal protective equipment, tools, and consumables in the Nordic region. Sales are mainly made through the strong concept brands Swedol in Sweden and TOOLS in Norway and Finland. The Group has approximately 2,400 employees and an annual revenue of SEK 9.3 billion. The share is listed on Nasdaq Stockholm. Read more at alligo.com

Box 631, 135 26 Tyresö · Vindkraftsvägen 2, 135 70 Tyresö · Phone +46 (0) 8 – 727 27 20 · www.alligo.com