FLSmidth signed its first sustainability-linked funding agreement to support the development of technologies and solutions with a sustainability profile. The EUR 150 million loan is provided by the Nordic Investment Bank and runs for seven years.
“With our MissionZero pledge, we are fully committed to developing technologies and solutions that will enable the mining and cement industries to move towards zero emissions by 2030,” said Roland M. Andersen, group CFO at FLSmidth. “As sustainability is an integral part of everything we do, it is only natural for us to also link our financing to our sustainability ambitions. This is a first step in this direction, and we are very pleased with the long-term commitment provided by NIB.”
The loan is linked to three core sustainability KPIs of FLSmidth: ratio of suppliers having Science-Based Targets, FLSmidth’s own CO2 emissions (Scope 1 & 2) and the emission impact from sold products (Scope 3). These KPIs will ensure a strong focus on driving the green transition in the mining and cement industries.