Tallinna Vesi strengthens sustainability criteria in syndicated loan agreement, supports strategic goals

From GlobeNewswire: 2024-07-04 04:06:42

AS Tallinna Vesi enhanced its syndicated loan agreement with sustainability criteria to support the fulfillment of the company’s strategic goals. The sustainability coordinator for the loan was SEB Eesti. The loan includes sustainability-related criteria with annual objectives aimed at fulfilling environmental, social, and governance (ESG) issues. Approximately 82% of Tallinna Vesi’s total loan is now tied to green or sustainability-related instruments, strengthening the company’s sustainability strategy. The syndicated loan, amounting to 91 million euros, supports Tallinna Vesi’s investments in water network and treatment plants, as well as sewage collection and treatment plants. Contact: Taavi Gröön, CFO of Tallinna Vesi, [email protected], (+372) 62 62 200.

AS Tallinna Vesi is Estonia’s largest water company, serving over 24,900 residential and business customers and 470,000 end-users in Tallinn and surrounding areas. The company is listed on the Nasdaq Tallinn main list, with the City of Tallinn holding a 55.06% stake and energy group Utilitas holding 20.36%. 24.58% of the company’s shares are freely tradable on the Nasdaq Tallinn exchange. These sustainability initiatives support Tallinna Vesi’s strategy to be part of the natural water cycle, providing customers with clean drinking water.



Read more at GlobeNewswire: Tallinna Vesi täiendas oma sündikaatlaenu jätkusuutlikkuse