Uponor Corporation Investor news 29 January 2021 10:30 EET
Sustainability-linked KPIs to Uponor’s new long-term bilateral loan agreements
Uponor has signed two separate long-term bilateral loan agreements. The first loan agreement worth €40 million was signed with Skandinaviska Enskilda Banken AB (SEB) and the second one, worth €30 million, was signed with Swedbank AB. Both loans will mature in January 2026.
Uponor’s sustainability agenda is built around four of the UN’s Sustainable Development Goals: 6. Clean water and sanitation; 8. Decent work and economic growth; 12. Responsible production and consumption; and 13. Climate action. Uponor believes that these four focus areas have the greatest potential to impact on the company’s business.
To progress its climate actions, Uponor announced on 7 December 2020 its commitment to UN Global Compact’s campaign and the Science Based Targets initiative promising to pursue actions that limit the global temperature rise to 1.5°C. In alignment with this, both new loan arrangements have success KPIs that are tied to Uponor’s greenhouse gas reduction targets. SEB acted as Uponor’s sustainability advisor in setting the sustainability-linked KPIs.
In addition to these new arrangements, Uponor has a 5-year bilateral loan agreement of €100 million, which will mature in July 2022.
Vice President, Communications and Corporate Responsibility
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Uponor in brief
Uponor is rethinking water for future generations. Our offering, including safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure, enables a more sustainable living environment. We help our customers in residential and commercial construction, municipalities and utilities, as well as different industries to work faster and smarter. Uponor employs about 3,800 professionals in 26 countries in Europe and North America. In 2019, Uponor's net sales totalled approximately €1.1 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponor.com