PALFINGER AG: First Sustainable Financing of EUR 170 million 

PALFINGER AG secures financing with sustainability KPIs

 Bergheim, Austria on April 7, 2022

Sustainable financing of EUR 170 million underlines 
 focus on sustainability
Term of up to six years with highly attractive conditions
CO 2 emissions and accident rate as sustainability KPIs

PALFINGER AG took out its first sustainable financing in March 2022 to secure a volume of EUR 170 million. The conditions are highly attractive with a term of up to six years with an amortizing structure. The financing is also subject to two sustainability KPIs: production-related CO2 emissions and accident rate. The achievement of sustainability KPIs is audited annually, with a margin step-up/down if the target values are reached or are not achieved. Erste Group and Raiffeisen Bank International (RBI) acted as sustainability coordinators.
Sustainability has been the focus of PALFINGER AG for years. Last year, PALFINGER AG initiated its corporate strategy 2030, in which the topic of sustainability plays an important role regarding the company's further growth. A Sustainability Council ensures the implementation of PALFINGER’s ESG (Environmental, Social, and Governance) strategy and the transformation within the company.