Metsäliitto Cooperative has signed a new EUR 200 million sustainability-linked revolving credit facility with a syndicate of eight banks. This new credit facility refinances the existing EUR 200 million facility signed in December 2018 and will be used for general corporate purposes. The facility has a tenor of five years and includes two one-year extension options.

The pricing mechanism of the revolving credit facility is linked to two of Metsä Group's ambitious sustainability targets:

Target 1: Zero tonnes of fossil carbon dioxide emissions, Scope 1 and 2, by 2030.

Target 2: Share of certified wood in wood supply 100% by 2030.

"Incorporating sustainability criteria into our financing further demonstrates the company's strong commitment to actions that reduce our carbon footprint and mitigate climate change," says Vesa-Pekka Takala, EVP, CFO of Metsä Group.