Veidekke ASA: Enters into sustainability-linked bank financing

Veidekke ASA: Enters into sustainability-linked bank financing

21.12.2020 - 08:45

Veidekke ASA has entered into an agreement with SEB for a NOK 750 million credit facility. The agreement is a sustainability-linked revolving credit facility related to reduction of greenhouse gas emissions and zero serious injuries.

“Veidekke has set clear climate goals, which entail a 50% reduction in CO 2 emissions by 2030. Safety at work is also absolutely crucial for Veidekke, and our goal is zero serious injuries. These are key goals for Veidekke's operations, and we are therefore pleased to be able to incorporate them into our financing. SEB has been a good and competent supporter in the process of incorporating sustainability goals into the loan agreement,” says Jørgen Wiese Porsmyr, CFO Veidekke ASA.

“Sustainability is vital to building a solid and profitable company, and Veidekke will continue to push for a more sustainable construction industry,” says Porsmyr.

The credit facility is part of Veidekke's new overall bank financing, as published in a separate release earlier today. The outcome of the two agreed sustainable KPIs will contribute to determining the loan interest margin.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, +47 90 75 90 58
Lars Erik Lund, EVP, +47 41 33 13 69

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximately NOK 37 billion, and half of its 8,200 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit every year since its inception in 1936.