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ROCKWOOL links new 600 MEUR credit facility to sustainability goals
Credit facility costs are now directly linked to ROCKWOOL’s sustainability goals on emissions, recycling, and waste. ROCKWOOL has secured a new 600 MEUR revolving credit facility to replace the existing facilities. The objectives are to strengthen the company’s capital structure and support the long-term growth of the company. The revolving credit facility has a built-in pricing mechanism that closely connects its costs to ROCKWOOL’s progress on three sustainability goals that are all externally assured. These three goals cover reducing CO2 emission; increasing the number of countries offering ROCKWOOL’s recycling schemes; and reducing factory waste going to landfill. Depending on the degree to which ROCKWOOL meets these goals, costs for the…