Nokia has announced today a five-year multicurrency revolving credit facility (RCF) introducing a sustainability pricing mechanism linking the margin of the RCF to two of Nokia's key sustainability targets: the reduction of greenhouse gas emissions attributed to Nokia's operations and the reduction of greenhouse gas emissions attributed to Nokia's customers' use of Nokia's products.

Nokia's targets include a 41 per cent greenhouse gas emission reduction of its own operations and a 75 per cent greenhouse gas emission reduction arising from the use of sold products by 2030 compared to the 2014 baseline. The margin of the RCF will increase or decrease depending on Nokia's progress towards reaching these targets.

Karoliina Loikkanen, head of corporate responsibility at Nokia, said: "Linking the pricing of the revolving credit facility to our sustainability targets is an important step towards demonstrating our broad-based commitment to our sustainability priorities. Our sustainability vision is to create the technology to connect the world, in a responsible way."

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