Fresh funding to drive Essity’s sustainable development

STOCKHOLM - Hygiene and health company Essity has secured a €300 million loan which it will use to will support its sustainability investments across all business areas and product segments until 2024.

The loan, which was secured at favourable terms with the European Investment Bank (EIB), will also finance Essity’s research, development and product innovation processes.

“We are pleased with the support from EIB for our comprehensive innovation process. Essity’s focus is to increase wellbeing for people everywhere as we continue our journey to reach net-zero greenhouse gas emissions by 2050,” said Magnus Groth, President & CEO of Essity.

At the Capital Markets Day in November 2021, Essity presented its roadmap to Net Zero where breakthrough technologies and innovation play a key role. Essity has set a target that more than 50% of its innovations shall yield social and/or environmental improvements.