Konecranes signs sustainability-linked bank term loan facility

Konecranes has announced that it has signed a EUR 100 million sustainability-linked term loan facility with OP Corporate Bank plc.

The facility has a direct link to Konecranes’ sustainability ambitions, with the interest margin tied to two performance indicators: the CO2 reduction of Konecranes’ own operations, and the growth of Konecranes’ eco portfolio sales.

Konecranes aims to reach carbon neutral own operations and halve emissions from its value chain by 2030. The biggest impact will come from expanding the power options of its sold equipment. Konecranes’ product portfolio is largely electrified already, and the company is committed to having fully electric variants of its entire product portfolio by 2026.

The loan facility has a tenor of three years with a one-year extension option. The proceeds will be used for general corporate purposes.