DLG signs new sustainability-linked credit facility

The new credit facility agreement with Danish, German and international banks will be a driver in the strategic work with sustainability within the Group. The link to sustainability means that the interest rate on the credit facility can be adjusted up and down depending on how the DLG Group delivers on the three sustainability goals.

The first target is a 30% reduction in CO2 emissions from the Group's own production and logistics as well as indirect emissions caused by purchased energy (scope 1 and 2) in 2025 compared to 2019. The target is in line with a climate scenario of 1.5° C and will be validated by the Science Based Targets Initiative.

The second goal is that all soy imported by the group in 2025 is responsibly and verified deforestation-free produced.

The third goal is a reduction in the number of work-related accidents.

“At DLG, we are very focused on how we can contribute to the sustainable transition, and we have set a number of concrete goals which we are continuously working to achieve. Thus, it was natural for us to make this agreement with the banks where we link some of our specific sustainability goals directly to a credit facility. It emphasizes that we are serious when we talk about sustainability and it will serve as an important incentive in our daily efforts to achieve our sustainability goals,” says Christina Nielsen, Group CFO of the DLG Group.

The new credit facility has been adjusted to current needs and replaces an existing credit facility of EUR 625 million. In recent years, the DLG Group has successfully improved its financial ratios. This was reflected in a very high level of interest on the part of the banks when the new credit facility was to be established.