NIB signs sustainability-linked loan with Borregaard
The Nordic Investment Bank (NIB) signs a ten-year sustainability-linked loan agreement with Borregaard ASA to create financial incentives for the clients in achieving agreed and most relevant climate, environmental and social targets.The USD 50 million loan (EUR 45.48 million) will contribute to financing Borregaard’s investments to reduce CO\2\ emissions and water effluents. NIB and Borregaard have agreed on three key performance indicators (KPIs) to be achieved. The KPIs are closely linked to Borregaard’s sustainability strategy. The margin under the loan agreement can be