Dustin signs sustainability linked credit facility
Dustin's current credit facility of approximately SEK 5 billion, which was entered into at the beginning of October 2021, will be converted into a sustainability-linked loan (ESG - Environmental, Social and Governance). This means that the credit is clearly linked to the outcome of the company's sustainability work. Dustin's goals for 2030 include being climate neutral throughout the value chain and being fully circular.
The credit facility continues to strengthen Dustin's financial flexibility and includes incentives for a successful sustainability work. If the company meets the sustainability criteria (KPIs), it leads to an annual interest discount. If the company does not reach the KPIs, the annual interest expenses increase.
- We have set clear goals for our sustainability work and it is integrated in the entire business, therefore it is natural to clearly link the outcome of the work to our financing. With our size, we want, can, and shall take responsibility and we have a great opportunity to drive a positive development in our industry. In addition, we also see that our focus on sustainability gives us new business opportunities, says Thomas Ekman President and CEO at Dustin.
The agreement has been entered into with a banking club consisting of Handelsbanken, Nordea and Swedbank with Swedbank as the loan and sustainability coordinator. Dustin will report the KPIs annually in Dustin's annual and corporate responsibility report, where compliance is verified by Dustin's external auditors.
Background facts
KPIs that affect the interest rate mechanism
- Climate impact: Kg CO2 / Deliveries from Dustin's central warehouse to customer
- Circularity: Number of recovered devices (PCs, tablets and phones)
For additional information, please contact:
Eva Ernfors, Head of Communication: eva.ernfors@dustin.se, +46 702 58 62 94
About Dustin
Dustin is a leading online based IT partner in the Nordics and the Benelux. We help our customers to stay in the forefront by providing them with the right IT solution for their needs.
We offer approximately 255,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2020/21 amounted to approximately SEK 15.9 billion and more than 90 per cent of the revenues came from the corporate market.
Dustin has approximately 2,400 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.