EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Financing
SNP Integrates Sustainability Component into Debt Financing for the First Time
Heidelberg, November 4, 2022 – SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a world-leading provider of solutions for digital transformation processes and software-based data migrations, has agreed on a supplementary ESG component (Environment, Social, Governance) for its existing debt financing with Commerzbank AG. The interest rate is linked to the EcoVadis ESG rating of SNP.
“We are working to continuously improve our sustainability structures in all three areas of Environment, Social and Governance. Sustainability is becoming increasingly important both for us as a company and in the capital market. Therefore, integrating this topic into our financing now is a logical next step. The link between our financing and sustainability strategy is thus becoming even more established,” says Michael Eberhardt, CEO of SNP SE.
SNP regularly receives a new EcoVadis ESG rating. The results provide the basis for the ESG component of the financing. If SNP surpasses the defined target values in the areas of Environment, Social and Governance, the interest payments are reduced. Accordingly, increased interest payments are due if SNP does not achieve the agreed target values.
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The data transformation platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and reliably as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.
The SNP Group has around 1,350 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenues of around EUR 167 million in the 2021 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE).
More information is available at www.snpgroup.com
Contact person at SNP:
04.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
SNP Schneider-Neureither & Partner SE
Speyerer Str. 4
+49 6221 6425 637, +49 6221 6425 172
+49 6221 6425 20
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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