Konecranes, a leader in the manufacturing of cranes and lifting equipment, has secured a €100 million sustainability-linked loan from OP Corporate Bank plc. This financing agreement aligns directly with the company’s ambitious sustainability targets, showcasing its commitment to both environmental responsibility and business growth.
This loan facility is tied to two key sustainability performance indicators: reducing CO2 emissions from Konecranes’ operations and increasing the share of eco-friendly products in its sales portfolio. These metrics will influence the interest margin on the loan, adding an element of accountability to the company’s green objectives.
Konecranes has set a bold target to achieve carbon-neutral operations by 2030 and halve the emissions across its value chain. A major part of reaching this goal will come from expanding the electrification of its equipment. The company already boasts a largely electrified product range and has committed to offering fully electric variants across its entire portfolio by 2026.
The loan has a three-year term with the option to extend for an additional year. Konecranes plans to use the funds for general corporate purposes, further integrating its sustainability goals into its overall business strategy.
This financing deal underscores the growing trend of sustainability-linked loans in the corporate world, where businesses are increasingly tying financial incentives to environmental progress. For Konecranes, this move is not just about meeting targets but also about leading by example in an industry that’s increasingly under pressure to address its environmental impact.
