Essity signs €300 million loan agreement with the European Investment Bank
STOCKHOLM, December 10, 2021 /PRNewswire/ — Hygiene and health company Essity 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 areas and product segments through 2024. The loan has a term of 7 years.
“We are delighted with the EIB’s support for our overall innovation process. Essity’s goal is to increase the wellbeing of people everywhere as we continue our journey to reach net zero greenhouse gas emissions by 2050,” says Magnus Groth, Chairman and Chief Executive Officer of Essity.
On Capital Markets Day in November 2021, Essity presented its roadmap to Net Zero where advanced technologies and innovation play a key role. Essity has set itself the target that more than 50% of innovations bring about social and/or environmental improvements.
For more information, please contact:
By Lorentz, Vice President Corporate Communications, +46 733 13 30 55, [email protected]
Johan Karlsson, Vice-President Investor Relations, +46 705 11 15 81, [email protected]
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