Terveystalo publishes Sustainability-Linked Financing Framework

Terveystalo Plc Press Release 22 May 2023 at 10:00 a.m. EEST
 

Terveystalo Plc (“Terveystalo”) has established a Sustainability-Linked Financing Framework under which Terveystalo may issue different financial instruments, including but not limited to bonds. Terveystalo’s sustainability-linked financing framework is created to link sustainability to the funding and to help investors to understand the company’s core values and strong commitments to sustainability goals.

Promoting the quality and effectiveness of care is one of the key goals of Terveystalo's sustainability agenda. Terveystalo has chosen the treatment of mental health problems and customer satisfaction as key indicators of the framework. These metrics reflect key sustainability challenges in healthcare. Mental health problems are one of the most common causes of sick leave and premature retirement in Finland. Terveystalo strives to create solutions to this growing problem by promoting access to appropriate care. The patient's own experience of care is also a key part of promoting health and well-being. For this reason, Terveystalo has chosen customer satisfaction (NPS, Net Promoter Score) as the second KPI.  The financial characteristics of the securities issued under the framework are linked to the achievement of these two sustainability performance targets.

 “We believe that the services we provide have a significant role in society which gives us a responsibility to offer high quality healthcare services in a sustainable way. Thus, linking financing to the implementation of our sustainability strategy is a natural choice for us. Sustainability-linked financing will contribute to the awareness within all functions at Terveystalo and our commitment to our set-out goals, as well as offer an opportunity to communicate with investors and other stakeholders about our work within this area”, Terveystalo CFO Juuso Pajunen comments.

The framework has been developed in accordance with the Sustainability-Linked Bond Principles (SLBP), established by the International Capital Markets Association (ICMA) in June 2020, as well as the Sustainability Linked Loan Principles (SLLP) established by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and the Loan Syndications & Trading Association (LSTA) in February 2023. ISS ESG has provided a second party opinion on the framework.

The framework and the second party opinion are published on https://www.terveystalo.com/en/company/investors/.

OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) acted as joint sustainability-linked framework advisers.

For further information, please contact:

Juuso Pajunen, CFO
Tel. +358 40 584 9722

Kati Kaksonen, Vice President, Investor Relations, Sustainability & Communications
Tel. +358 10 345 2034

Terveystalo in brief

Terveystalo is the largest private healthcare service provider in Finland in terms of revenue and network. Terveystalo is also a leading occupational health provider in the Nordic region. We offer a wide variety of primary health care, specialized care, and well-being services for corporate and private customers and the public sector. Terveystalo’s s digital services are available 24/7, regardless of time and place. Health and well-being services are also provided by over 370 clinics across Finland. In Sweden, we offer occupational health services at 155 clinics. Terveystalo is listed on the Helsinki Stock Exchange.

In 2022, Terveystalo had approximately 1.3 million individual customers in Finland and the number of customer appointments was approximately 8.5 million, with more than a quarter of these being conducted via remote channels. Terveystalo employs over 16,800 healthcare and well-being professionals. www.terveystalo.com