Metsäliitto Cooperative has signed a new Euro 200 million sustainability-linked revolving credit facility with a syndicate of eight banks, refinancing the existing facility from December 2018. The five-year facility, with two one-year extension options, will be used for general corporate purposes.
The facility's pricing is linked to Metsä Group's sustainability targets: achieving zero tonnes of fossil carbon dioxide emissions (Scope 1 and 2) and sourcing 100% certified wood by 2030. Vesa-Pekka Takala, EVP and CFO of Metsä Group, stated that incorporating sustainability criteria into financing demonstrates the company's commitment to reducing its carbon footprint and mitigating climate change.
