Dwelling
»
HOTEL NEWS
»
Strawberry Hospitality Group secures NOK 2.8 billion eco-focused refinancing from DNB making certain higher mortgage circumstances for its sustainability-driven method
Saturday, February 15, 2025
Strawberry Hospitality Group has secured a recent NOK 2.8 billion refinancing take care of DNB, incorporating sustainability-linked phrases into the mortgage’s margin construction.
– We set what we ourselves thought was a moderately formidable aim of being emission-neutral in its personal operations by 2030. Due to the wholehearted help of our colleagues with improbable efforts, we are actually taking it a step additional and committing to a sustainability-linked mortgage that provides us additional incentive to proceed the emission cuts in our personal group, says Torgeir Silseth, CEO of Strawberry.
The hospitality group has efficiently minimize its emissions by roughly 35% from the 2022 baseline. If it continues at this fee, Strawberry stands to profit from extra favorable mortgage circumstances in comparison with typical financing choices.
– On the similar time, that is additionally about us committing ourselves financially to reaching the emission reductions we’ve got set ourselves. To this point, there was no threat in setting the targets in itself. Now it will likely be each a carrot and a stick, says Silseth.
Shared Dedication to Sustainability
Strawberry and DNB are each devoted to taking part in a key function in driving sustainable transformation inside the Nordic enterprise panorama. Whereas Strawberry focuses on empowering visitors with eco-friendly selections, DNB actively works in the direction of guiding companies in lowering their carbon footprint. This initiative, strongly supported by Trine Loe, Divisional Director at DNB, displays the financial institution’s dedication to fostering significant change.
– We’re proud to have the ability to advise our clients on combining sustainability and financing. The answer we provide locations elevated calls for on information assortment and transparency across the corporations’ sustainability technique. For DNB, it will be important that our clients work properly with their sustainability targets, together with emissions. For us as a financial institution, clients’ emissions are the most important a part of our reported emissions. If we’re to attain our aim of being Internet Zero in 2050, we rely on having formidable clients like Strawberry who work properly with this, says Trine Loe.
