GlobalConnect wins award for sustainability-linked loan of the year

Environmental Finance has awarded GlobalConnect Group for its EUR 1 billion ESG-linked financing that enables the company’s continued sustainable growth journey.

In 2022, GlobalConnect Group raised additional financing to fund ambitious growth plans. The EUR 1 billion financing included sustainability incentives with the effect of lowered interest rate margin upon meeting targets for predetermined sustainability KPIs covering the implementation of science-based targets, diversity targets and employee satisfaction goals throughout the Group.

The ESG-linked financing has now won Environmental Finance’s prestigious Bond Award for ‘Sustainability-linked loan of the year, Europe’.

The structure of the loan is in alignment with GlobalConnect’s ambitious ESG strategy and is the result of close cooperation between finance and sustainability.

“We are truly grateful for the recognition. Being able to incorporate ESG into our financing validates our own and our lenders’ joint commitment to sustainability, contributing to a healthier industry as well as a better today and tomorrow,” says Henrik Schibler, CFO, GlobalConnect Group.

“Linking sustainability to finance is a necessary step to achieve real progress on the ESG agenda. The sustainability-linked loan demonstrates that economic growth and sustainability go hand in hand, and it is a testament to embracing our responsibility for the world around us,” says Sofia Lisa Dinesen, SVP Sustainability, Strategy and M&A, GlobalConnect Group.

GlobalConnect Group is one of the leading and fastest-growing digital infrastructure providers in Europe, operating a 155,000 km fiber network and 17 datacenters across Sweden, Norway, Denmark, Germany, and Finland. The Group invested 863 billion EUR in 2022, working to future-proof the region with connectivity.