Essity signs € 300 million loan agreement with the European Investment Bank
STOCKHOLM, December 10, 2021 / PRNewswire / – The hygiene and health company Essity has obtained a 300 million euros loan on favorable terms from the European Investment Bank (EIB) as part of the financing of Essity’s research, development and innovation process.
the 300 million euros will support Essity’s investments in product innovation and sustainability across all business lines and product segments through 2024. The loan has a term of 7 years.
âWe are delighted with the EIB’s support to our overall innovation process. Essity’s goal is to improve the well-being of people everywhere as we continue on our way to achieving zero net greenhouse gas emissions by 2050 â, states Magnus groth, President and CEO of Essity.
On Capital Markets Day at November 2021, Essity presented its roadmap at Net Zero where disruptive technologies and innovation play a key role. Essity has set itself the goal that more than 50% of innovations produce social and / or environmental improvements.
For more information, please contact:
By Lorentz, Vice-President Corporate Communication, +46 733 13 30 55, [emailÂ protected]
Johan karlsson, Vice-President Investor Relations, +46 705 11 15 81, [emailÂ protected]
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