Sanoma has added sustainability-linked KPIs to its loan agreement
Summary
Sanoma has now signed a Sustainability Side Letter to add sustainability-linked KPIs to the Revolving Credit Facility. With the addition, a minor part of the pricing of the loan will be linked to Sanomas sustainability performance in reducing greenhouse gas (GHG) emissions in line with Sanomas commitment to Science Based Targets and developing inclusive learning solutions, more specifically accessibility of digital learning content and platforms. Firstly, the common accessibility components used in Sanoma Learnings core digital products will be compliant with the AA-level of the WCAG Guidelines from 2025 onwards. Secondly, in 2025 all newly marketed core digital products will meet the accessibility requirements as defined locally on the basis of the EU Accessibility Act.Nordea acted as the Sustainability Coordinator for the transaction and OP Corporate Bank as the Agent.Sanoma Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.Today, we operate in twelve European countries and employ more than 5,000 professionals.