NIB funds greener logistic services with PostNord

NIB and the Nordic communications and logistics company PostNord AB have signed a SEK 1.2 billion (approx. EUR 110 million) loan agreement for the renewal of the company’s vehicle fleet and related infrastructure investments.

The 10-year maturity loan supports on-going PostNord’s investments in greening its operations. The loan proceeds will be used to finance new electric and biofuel vehicles as well as bicycles and charging infrastructure.

The new vehicles will replace the currently used fleet which mainly consists of traditional combustion engine vehicles, reducing the environmental footprint of the company’s transport activities. According to PostNord’s estimations, the renewal of the fleet will help to cut CO₂ emissions by around 20,000 tonnes every year.

“The transport and logistics sector is responsible for around a quarter of the world’s total CO2 emissions. At the same time, decision makers are preoccupied with the current energy crisis. PostNord’s sustainable transition showcases how turning to cleaner and more energy efficient logistics has the potential to set new standards across the industry,” says André Küüsvek, NIB President & CEO.

“The global climate crisis is the single biggest challenge facing humanity. PostNord recognizes the scale of the challenge, and we are committed to take the lead in paving the way for a climate transition of the transport and logistics sector. PostNord’s commitment is to show that it is possible to achieve large scale and completely fossil-free transport and operations by 2030, and this loan is an important part to keep the pace in our green transformation,” says Annemarie Gardshol, Group CEO and President PostNord.

PostNord AB is a public limited company working with communication, e-commerce, distribution, and logistics solutions around the Nordic region. The company was created through a merger between the Swedish Posten AB and Post Danmark A/S in 2009. PostNord is 40% owned by the Danish state and 60% by the Swedish state.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Eva Nickull, Senior Banker, Infrastructure, tel.: +358 10 618 0314, eva.nickull@nib.int  
Vytautas Brazaitis, Communications Officer, at +358 10 618 0235, vytautas.brazaitis@nib.int