Essity signs EUR 300m loan agreement with the European Investment Bank

2021-12-10 08:00:00

The EUR 300m will support Essity's product innovation and sustainability investments across all business areas and product segments until 2024. The loan has a tenor of 7 years.

"We are pleased with the support from EIB for our comprehensive innovation process. Essity's focus is to increase wellbeing for people everywhere as we continue our journey to reach net-zero greenhouse gas emissions by 2050," says Magnus Groth, President & CEO of Essity. 

At the Capital Markets Day in November 2021, Essity presented its roadmap to Net Zero where breakthrough technologies and innovation play a key role. Essity has set a target that more than 50 percent of the innovations shall yield social and/or environmental improvements.