Peab links sustainability targets to existing credit facility of SEK 7 billion
Peab renewed its basic financing in June 2023 when the existing credit facility reached maturity. Now the three-year credit facility of SEK 7.0 billion has also been linked to Group sustainability targets, which further intensifies Peab’s focus on sustainability work.
The credit facility of SEK 7.0 billion runs until June 2026 with the possibility of an extension for another year. Now it has been linked to Peab’s climate-related sustainability targets. These targets are to by 2030 reduce greenhouse gas emissions from our own production 60 percent (scope 1+2, ton CO2e/MSEK) and from input goods and purchased services 50 percent (scope 3, ton CO2e/MSEK)
The interest margin for the credit facility is linked to predetermined levels of annual reductions in emissions. The base year of the targets is 2015.
“Linking our basic financing to these climate targets is yet another step in our work to make our business climate neutral. At the same time it shows how we work actively on integrating our sustainability work into every part of our operations,” says Niclas Winkvist, CFO Peab.
Nordea has acted as sustainability coordinator.
For further information, please contact:
Niclas Winkvist, CFO Peab, +46 73 384 75 00
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
Peab is the Nordic Community Builder with 15,000 employees and net sales of SEK 60 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it’s lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.
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