12.13.21
Hygiene and health company Essity has secured a €300 million loan at favorable terms from the European Investment Bank (EIB) which will partially fund the company’s research, development, and innovation process across all of its business units. These efforts will primarily focus on innovation and sustainability over the next seven years.
“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,” says 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 the innovations shall yield social and/or environmental improvements.
“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,” says 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 the innovations shall yield social and/or environmental improvements.