The facility is aligned with Netcompany’s overall sustainability agenda, where ambitious environmental, social and governance (ESG) targets make the way for Netcompany’s overall purpose to enable strong, sustainable societies.

The three KPI’s in the facility are centred around two social targets and one environmental target.

The first KPI centres around increasing the share of renewable energy use in Netcompany’s latest acquisition, Netcompany-Intrasoft.

The second KPI seeks to increase the share of women at management positions across the Group. This is closely aligned with Netcompany’s continuing efforts to make way for more diversity in leadership positions and increase the number of female role models in the IT industry.

The third KPI continues Netcompany’s strong diversity focus to make way for more talented women in the IT industry. It is centred around increasing the share of women across the Group, building a foundation that supports the target of getting more women in management positions.

Supporting a large number of initiatives and events at elementary schools up to universities in all markets, Netcompany seeks to inspire and welcome not only women, but a wide range of diverse candidates to seek a career in the IT industry. By supporting this agenda, Netcompany contributes to enabling more stable and sustainable societies through trustworthy IT infrastructure.

CFO in Netcompany Group, Thomas Johansen, says: 

"We are very pleased to have signed this credit facility linked directly to our most fundamental ESG commitments. With three important KPIs and ambitious targets, we are set to continue our work with inviting a more diverse workforce into our company as well as investing more in renewable sources of energy."

The revolving credit facility is a multi-bank facility.