Urenco takes a sustainable approach to financing investments

The world of finance is evolving to address investor and lender concerns about environmental issues, including climate change, and increased focus on the social and governance performance of companies they work with. This is often referred to as Environmental, Social and Governance (ESG).

With this in mind, Urenco has just signed a new sustainability-linked bank facility. As part of the facility negotiation, we presented Urenco’s sustainability objectives to our banks. The bank facility includes commitments on carbon reduction, water management and safety. If we achieve pre-set targets, we will benefit from slightly cheaper interest costs. If we fail, we will need to explain why and have higher costs.

This is a revolving credit facility of €500 million provided by ten banks and runs until 2026.

Ralf ter Haar, Chief Financial Officer said: “Sustainability is integral to everything we do at Urenco, including how we finance investments in our company, and we are proud to be able to demonstrate this through our new bank facility.

“As members of The Climate Pledge, working to achieve net zero emissions in advance of 2040, alongside other key sustainability goals such a water usage reduction and continually improving safety, we are confident that we have a strong plan in place to enable us to deliver on our commitments.”

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