Lassila & Tikanoja launches sustainability-linked bond framework

Chicago, May 6 – Lassila & Tikanoja plc launched a sustainability-linked bond framework, according to a press release.

The company is considering issuing €75 million to €80 million of fixed-rate notes under the new framework.

New notes would be linked to the achievement of two sustainability performance targets, namely reducing GHG emissions from the company’s own operations (scope 1 and 2) and contractors’ fuel consumption for transportation (scope 3).

Sustainalytics was the second opinion provider.

Danske Bank A/S is the lead manager for the new notes.

The establishment of the framework is a continuation of the newly signed revolving credit facility of €40 million tied to sustainability targets, the company said.

Lassila & Tikanoja is a Helsinki, Finland-based service company that keeps materials, properties and factories in productive use for as long as possible and enhances the use of raw materials and energy.

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