Konecranes today announces it has signed a EUR 100 million sustainability-linked term loan facility with OP Corporate Bank plc.
The facility has a direct link to Konecranes’ sustainability ambitions, with the interest margin tied to two performance indicators: the CO2 reduction of Konecranes’ own operations, and the growth of Konecranes’ eco portfolio sales.
Konecranes aims to reach carbon neutral own operations and halve emissions from its value chain by 2030. The biggest impact will come from expanding the power options of its sold equipment. Konecranes’ product portfolio is largely electrified already, and the company is committed to having fully electric variants of its entire product portfolio by 2026.
The loan facility has a tenor of three years with a one-year extension option. The proceeds will be used for general corporate purposes.
Further information:
Tomi Hintikka, Group Treasurer, Konecranes
Email: [email protected] or phone: +358 20 427 2042
Konecranes Media Desk
[email protected]
Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes
Email: [email protected] or phone: +358 20 427 2050
This press release is available on our website konecranes.com.
Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totalled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
