UPM inks €750m sustainability-linked loan to help drive climate action

clock •
UPM inks €750m sustainability-linked loan to help drive climate action

Forestry giant secures revolving credit facility with BNP Paribas to help drive sustainable forest management initiatives

Finnish forestry business UPM has become one of the first businesses in the world to link repayments on a €750m loan to its performance against long-term biodiversity and climate targets. The company...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

Author spotlight

Catherine Early

View profile
More from Catherine Early

Charging to the front: Battery M&A activity continues on back of bullish long-term outlook for sector

Black bag waste powers new Leeds low carbon heat network

Most read
01

HSBC AM head of responsible investing: 'Who cares if Miami is six metres under water in 100 years?'

20 May 2022 • 3 min read
02

Not so moral money?

20 May 2022 • 11 min read
03

'Climate security is energy security': Alok Sharma urges world to 'break dependency on fossil fuels'

16 May 2022 • 8 min read
04

'A new future for Saltend': Can hydrogen and carbon capture create a 'green' chemicals hub on the Humber?

16 May 2022 • 8 min read
05

The heat is on: Netherlands set to ban fossil fuel boilers from 2026

18 May 2022 • 4 min read

More on Investment

Not so moral money?
Risk

Not so moral money?

Stuart Kirk's insistence investors do not need to worry about climate risk fundamentally misunderstands both climate change and risk

James Murray
James Murray
clock 20 May 2022 • 11 min read
HSBC headquarters, London | Credit: HSBC
Risk

HSBC AM's 'head of irresponsible investment' condemned over climate speech

Experts slam 'totally bizarre' analysis that rejected the idea investors should worry about climate risks

James Baxter-Derrington
James Baxter-Derrington
clock 20 May 2022 • 3 min read
Farmer Tom Pyfferoen and Matt Kruger from Land O’Lakes check soil health improvements on a no-till field with cover crops. Image by Theresa Lieb/GreenBiz.
Supply chain

Reality check: How's the transition to regenerative agriculture going'

Growing numbers of businesses want to promote regenerative agriculture in their supply chains, but as Theresa Lieb discovers, many of the farmers that want to embrace more sustainable practices are facing huge challenges

Theresa Lieb, GreenBiz.com
clock 20 May 2022 • 6 min read