Inwido links another new loan agreement to its ESG performance
Inwido secures a new sustainability-linked credit agreement with Nordea, related to the reduction of CO2e emissions, energy-efficient products and a safe working environment.
Inwido has secured a sustainability-linked credit agreement with Nordea for a total of SEK 1.5 billion, which replaces an existing agreement of SEK 1.75 billion. The new credit has a term of three years with an extension option for a further two years.
With the new credit agreement, the profile of Inwido's total debt portfolio has been extended.
At the same time, it is in line with Inwido's short-term commitment under the Science Based Targets initiative (SBTi) to reduce absolute scope 1 and 2 GHG emissions by 42 percent by 2030 compared to the base year of 2022, and during the same time period to reduce absolute scope 3 GHG emissions by 25 percent.
The KPI’s are the core of Inwido's sustainability strategy and address ESG goals related to CO2e emissions, safe working environment and the share of the sale of windows and doors according to the EU Taxonomy's criterion of significantly contributing to limiting climate change.
- Sustainability is a central part of our strategy and culture. With our business, our products and how we act in society, we contribute to a sustainable future. Sustainability-related loans confirm that our strategy and our goals are ambitious and credible, says Fredrik Meuller, President and CEO of Inwido.
Inwido already has similar sustainability-related agreements with Handelsbanken and Svensk
Exportkredit for a total of approximately SEK 1.1 billion.
For more information, please contact:
Fredrik Meuller, President and CEO
Tel. +46 (0) 734 22 70 11
Peter Welin, CFO and deputy CEO
Tel. +46 (0) 703 24 31 90
About Inwido:
Inwido improves people's lives indoors with windows and doors. As Europe's leading window group, Inwido's business concept is to develop and sell the market's best customized window and door solutions through a decentralized structure and with a focus on the consumer-driven market in order to create long-term sustainable growth, organically and through acquisitions. Inwido consists of 34 business units with approximately 4,200 employees in twelve countries. In 2023 group sales amounted to SEK 9 billion with an operating EBITA margin of 11.4 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
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