Wallenstam has signed the company's first agreement for sustainability-linked loans with Handelsbanken. The agreement is linked to the company's efforts to reduce energy consumption in its property portfolio, reduce emissions from its own operations in line with the Science Based Targets initiative (SBTi), and reduce emissions from its construction activities.
The sustainability-linked agreement covers all loans that are not already green loans with Handelsbanken. The terms are linked to predetermined sustainability targets in areas where Wallenstam has long been engaged in active and systematic work.
"We take a long-term approach to sustainability initiatives, and it therefore feels natural that parts of our financing should also be linked to these targets. The sustainability-linked loans create a clear connection to our operations," says Susann Linde, Vice CEO and CFO of Wallenstam.
Achievement of the targets will be monitored annually in accordance with an agreed process between the parties.
"We are pleased to develop, together with Wallenstam, a financing solution that supports the company's long-term sustainability work," says Emelie Persson Lindqvist, Head of Sustainable Finance, Debt Capital Markets at Handelsbanken.