NCC links sustainability targets to existing credit facility of EUR 280 million
NCC has signed an agreement to link its sustainability targets to an existing revolving credit facility of EUR 280 million, which was entered into in December 2021. The credit facility will be linked to the Group’s sustainability targets and confirms NCC’s strong focus on sustainability.
The credit facility has a tenor of three years with two one-year extension options and will be used for NCC’s general borrowing needs. It will now be linked to NCC’s sustainability targets in the areas of climate and energy as well as health and safety. For climate and energy, NCC’s target is to reduce Scope 1 and 2 carbon emissions by 60% by 2030, measured as emission intensity (CO2e tons/SEK M). For health and safety, the goal is to reduce the number of serious occupational injuries, measured as the accident frequency rate for accidents that lead to more than four days of absence per million worked hours (LTIF4) among the company’s employees. The interest-rate margin for the facility is connected to these KPIs.
“Sustainability plays a central role for all of NCC’s operations. Integrating the Group’s sustainability work into our financing strategy demonstrates our shared ambition to continue to strive to achieve our targets,” says Charlotte Z. Lindstedt, Head of Group Treasury, NCC.
Skandinaviska Enskilda Banken AB (publ) acted as Sustainability Coordinator. The facility was arranged by Danske Bank A/S, Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ), Skandinaviska Enskilda Banken AB (publ) and OP Corporate Bank plc. Danske Bank A/S acted as Documentation Agent and Skandinaviska Enskilda Banken AB (publ) as Facility Agent.
For further information, please contact:
Charlotte Z. Lindstedt, Head of Group Treasury NCC, +46 70 545 20 54
Maria Grimberg, Head of Communication, NCC, +46 70 896 12 88
NCC’s media line: +46 8 585 519 00, firstname.lastname@example.org, NCC’s Media bank
About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2021, NCC had sales of about SEK 53 bn and 13,000 employees. NCC’s shares are listed on Nasdaq Stockholm.