Metsäliitto Cooperative has signed a EUR 200 million sustainability-linked revolving credit facility agreement
Metsäliitto Cooperative has signed a new EUR 200 million sustainability-linked revolving credit facility with a syndicate of eight banks. This new credit facility refinances the existing EUR 200 million facility signed in December 2018 and will be used for general corporate purposes. The facility has a tenor of five years and includes two one-year extension options.
The pricing mechanism of the revolving credit facility is linked to two of Metsä Group's ambitious sustainability targets:
Target 1: Zero tonnes of fossil carbon dioxide emissions, Scope 1 and 2, by 2030.
Target 2: Share of certified wood in wood supply 100% by 2030.
"Incorporating sustainability criteria into our financing further demonstrates the company's strong commitment to actions that reduce our carbon footprint and mitigate climate change," says Vesa-Pekka Takala, EVP, CFO of Metsä Group.
For further information, please contact:
Ulla Nurminen, Group Treasurer, Metsä Group
Email: ulla.nurminen@metsagroup.com
Mobile: +358 50 343 6387
Metsä Group
www.metsagroup.com
Metsä Group has its roots in the Finnish forests: our parent company Metsäliitto Cooperative is owned by over 90,000 forest owners. We use wood to make recyclable products for the day-to-day lives of millions of people globally. We focus on wood supply and forest services, wood products, pulp, paperboards, and tissue and greaseproof papers. We are committed to the principles of regenerative forestry to measurably strengthen the state of forest nature. We promote a culture of diversity, equality and inclusion. In 2023 our sales totaled EUR 6.1 billion, and we have around 9,500 employees.
