Incorporating sustainability in financing. We lead the way!
The interest rates of our sustainability ‘Schuldschein’ loan and the new syndicated loan partly depend on our sustainability performance: ecologically and socially responsible business operations will be rewarded through lower interest rates. We lead the way in using this interest rate mechanism!
The sustainability rating is published by the EcoVadis rating agency. We currently have a sustainability score of 51 points, which corresponds to a Silver ranking. If we improved our score by 11 points, we would achieve the Gold ranking, lowering our interest rate by 2 basis points. If, on the other hand, our sustainability score dropped by 11 points, our interest rate would increase accordingly.
The differently weighted fields of environment, labor and human rights as well as integrity and procurement make up 21 assessment criteria, adding up to a maximum score of 100 points. Some of the aspects taken into account are energy and water consumption, CO2 emission as well as anti-corruption and social practices of suppliers. In our industry, we are among the top 30% of all the companies rated by EcoVadis.
- We were the world’s first company to issue a sustainability-oriented Schuldschein loan.
- The interest rate depends on our sustainability performance as assessed by the EcoVadis rating agency.
- Term: 2021 - 2029
- The interest rate is linked to the sustainability rating published by EcoVadis.
- Term: until August 7, 2024