All agreed loans

Sweden. Volvo Treasury AB

Date of loan: 27 Nov 2012
Country: Sweden
Customer: Volvo Treasury AB
Amount in EUR: EUR 100 million
Maturity: 7 years
NACE sector / loan type: Research and development
Business area: Industries and services

Project

Volvo Treasury, the in-house bank of Volvo Group, will provide funding to develop and produce engines that are compliant with forthcoming European emission regulations. The new European Union VI emission standard will further reduce output of hydrocarbons, nitrogen oxides and particulates from diesel vehicles. The R&D project will also innovate in hybrid energy technologies, active steering and control systems and fuel economy technologies.

Fulfilment of NIB's mandate

NIB’s loan adds value to Volvo Group’s product offerings and may help it expand in other markets as standardization requirements converge. The breadth of the automotive sector in Sweden increases the likelihood of positive spill-over effects to other companies in the region through skills and knowledge transfers.

Sustainability summary

Volvo's R&D projects to develop less polluting solutions that meet more stringent legislation, as well as projects to develop hybrid technologies, will contribute to reduced emissions of greenhouse gases from future vehicles.

Press release

NIB finansierar Volvokoncernens FoU för förbättrad bränsleeffektivitet