NIB signs sustainability-linked loan with Metso Outotec

NIB and Metso Outotec Oyj have signed an eight-year EUR 100 million sustainability-linked loan. The loan is related to Metso Outotec reducing CO₂ emissions in its own operations and supply chain by 2025.

The sustainability-linked NIB loan provides long-term financing for Metso Outotec’s efforts in becoming more sustainable throughout the company’s operations. Sustainability is a strategic priority for Metso Outotec and the company has set Science Based Targets (SBT) in alignment with limiting global warming to 1.5°C. This will be implemented through selected products and solutions, and by reducing CO₂ emissions of the company’s manufacturing, logistics and suppliers.

The NIB and Metso Outotec have agreed to include three key performance indicators (KPIs) to the investment loan. The KPIs address CO₂ emissions of Metso Outotec’s own operations and supply chain. Baseline year for all the sustainability targets is 2019.

The set 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

The development of these targets will be measured annually. Depending on the achievement of these targets the pricing of the loan will either decrease or increase.

“In addition to managing our handprint CO₂ emissions, emissions from customer operations, decreasing the environmental footprint of our own operations and in our logistics and supply chain is a high priority for Metso Outotec. We are further underlining this commitment with sustainable funding. I am delighted of the good cooperation with NIB in designing this sustainability-linked loan agreement. Reducing CO₂ emissions is fundamental for us all to limit global warming to 1.5 degrees. Together with NIB we have truly built an industry-leading example of sustainable financing, “ says Eeva Sipilä, CFO, Metso Outotec. 

“NIB’s sustainability-linked loan will finance Metso Outotec’s sustainability ambitions, contributing to the company’s efforts to reducing CO₂ emissions from their operations. Linking financing to sustainability objectives effectively supports companies in integrating sustainability into their strategy and achieving ambitious goals,” says André Küüsvek, President and CEO of the Nordic Investment Bank.

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with Metso Outotec’s product and process expertise, the company sees themselves as a partner for positive change. Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries. The company is listed on the Nasdaq Helsinki.

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
Mr Kim Krokfors, Senior Banker, at +358 10 618 0517, kim.krokfors@nib.int

Ms Iiris Anttalainen, Communications unit, at +358 10 618 0258, iiris.anttalainen@nib.int