Finland. Fiskars Oyj Abp
|Date of agreement:||07 Oct 2022|
|Customer:||Fiskars Oyj Abp|
|Amount in EUR:||EUR 50 million|
|NACE sector / loan type:||Investment|
This loan contributes to climate change mitigation: 3%
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 11.2%
NEB category: Energy efficiency
Amount disbursed: EUR 3.1 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
The loan finances Fiskars Group’s investments in digitalisation supporting the company’s digital transformation and making it more data driven in all its operations.
In addition, the loan finances Fiskars Group’s investments in its own production facilities. The aim of these investments is to reduce CO2 emissions and energy consumption as well as increase efficiency and the level of automation in Fiskars Group’s production facilities.
Fulfilment of NIB's mandate
Fiskars Group will invest in digitalisation supporting the company’s digital transformation and making it more data driven in all its operations. These investments are expected to increase productivity of the company through focusing on direct-to-consumer sales channels but also by in general making the company more digital.
Fiskars Group will also invest in its own production facilities. The investment programme covers efficiency and capacity increases, energy savings, change in energy sources, increasing the level of automation (which along efficiency gains brings also safety improvements to workers) as well as new product development.
No sustainability risks have been identified in relation to the project.