Manitou Group announces the amendment of its credit agreement into a Sustainability Linked Loan
Manitou Group announces the signature of an amendment of its credit agreement put in place in July 2022 qualifying the financing as a Sustainability Linked Loan.
As agreed with the banking pool in July 2022, Manitou Group has defined and attached to the Revolving Credit Facility 3 criterias linked to its low Scope 3 carbon trajectory, the health & safety of its employees and its sustainable procurement. Annual objectives, in line with the group CSR policy, have been combined with a mechanism of margin adjustment.
With the amendment of our credit agreement as a Sustainability Linked Loan, Manitou Group enlarged its CSR commitment in financing. This amendment strengthens our ambitions in terms of energy transition and financially commits the company to achieving its CSR objectives
Michel Denis, President & CEO