Metso Outotec Corporation has published Sustainability-Linked Finance Framework

Metso Outotec Corporation’s stock exchange release on June 8, 2022, at 10:00 a.m. EEST

Metso Outotec has published a Sustainability-Linked Finance Framework that continues to integrate its sustainability strategy into its financing arrangements. Sustainability is a strategic priority for Metso Outotec, and embedding sustainability across all areas of the business, including linking sustainability performance with the terms of financing, is part of implementing the company’s overall strategy. This Framework represents a significant step towards that goal.

“This Framework highlights that emissions reductions in our own operations and supporting our customers in reducing their emissions are extremely important to us. Our commitment to net-zero CO2 by 2030 as well as growing our Planet Positive sales can now be tied to our financing arrangements. This is a strong signal to everyone, including our customers, suppliers and capital markets, that we are truly ‘walking the walk’ with sustainability,” says Marius Verwoerd, VP Sustainability at Metso Outotec.

“Sustainability is a strategic priority for Metso Outotec. We provide solutions that support our customer industries’ decarbonization. Having sustainability targets linked to financing is yet another demonstration of our strong commitment to 1.5-degree journey and the fight against climate change,” says Eeva Sipilä, CFO at Metso Outotec.

“Metso Outotec has demonstrated a strong commitment to sustainability, and with this Framework, such commitment can now extend even further into capital markets. We are proud to have worked with the company in this process, and we are confident that Metso Outotec can continue to pave the way for others in this highly important area,” says Juho Maalahti, Finnish Country Lead for Sustainable Finance Advisory at Nordea.

The Sustainability-Linked Finance Framework (the “SLF Framework”) has been developed in line with the International Capital Markets Association’s (ICMA) Sustainability-Linked Bond Principles 2020 and the Loan Market Association’s (LMA) Sustainability-Linked Loan Principles 2022. The SLF Framework is designed to support the future issuance of sustainability-linked securities by Metso Outotec and includes three key performance indicators that are at the core of Metso Outotec’s sustainability strategy. For each security issued under the Framework, the interest rate or other provision affecting the cost of financing will change if Metso Outotec is not able to meet any of the predefined sustainability performance targets by an agreed review date.

The selected performance indicators in the Framework cover the CO2 emissions reductions of Metso Outotec’s own operations, its suppliers’ and its customers’, i.e. the majority of Metso Outotec’s value chain emissions. These performance indicators are:

• KPI 1: Scope 1 & 2 CO2 emissions (tCO2)
• KPI 2: Suppliers signed up for the Science-Based Targets initiative
• KPI 3: Annual increase in revenue from Planet Positive portfolio

The SLF Framework and Second Party Opinion are available on Metso Outotec’s website at: Debt Investors - Metso Outotec (mogroup.com)

Further information, please contact:

Minna Helppi, SVP Group Treasurer, Metso Outotec Corporation, tel. +358 40 772 1024

Metso Outotec Corporation

Distribution:

Nasdaq Helsinki Ltd

Main media

www.mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec