Finland. Metso Outotec Oyj
| Date of agreement: | 08 Dec 2021 |
|---|---|
| Country: | Finland |
| Customer: | Metso Outotec Oyj |
| Amount in EUR: | EUR 100 million |
| Maturity: | 8 years |
This loan is linked to ambitious key performance indicators agreed with our customer.
Project
NIB provides the sustainability-linked loan to finance Metso Outotec’s efforts in becoming more sustainable throughout the company’s operations.
Sustainability is at the core of Metso Outotec’s offering and operations. The company is committed to limiting global warming to 1.5°C with Science Based Targets.
The NIB and Metso Outotec have agreed on three key performance indicators (KPIs) to be achieved by the end of 2025 (2019 as base year). The KPIs address CO2 emissions of Metso Outotec’s own operations and supply chain.
The agreed sustainability targets address:
- CO2 emissions from the Group’s own operations
- CO2 emissions from the Group’s logistics
- The Group’s suppliers having a Science Based CO2 emissions target
Fulfilment of NIB's mandate
The targets set by Metso Outotec fit NIB’s mandate, as they contribute to the environmental objectives of climate change mitigation.
Metso Outotec has set Science Based Targets in alignment with limiting global warming to 1.5°C. This will be implemented by reducing the CO2 emissions of Metso Outotec’s manufacturing, logistics and suppliers.
Metso Outotec has singled out three sustainability indicators that are relevant for their operations and address the company’s climate change impact. Through these indicators, Metso Outotec will measures its progress towards the 1.5°C target.
The target achievements are reported annually, and the NIB will follow up on the three selected key performance indicators with the client.
