• NIB has signed a EUR 200 million 8-year sustainability-linked loan (SLL) with Elisa Corporation.
• Elisa has committed to key performance indicators (KPIs) aimed at enhancing climate action and digital inclusion.
• To achieve the agreed KPI targets, Elisa will invest in its business and services to reach the highest possible high-speed connection coverage while achieving their science-based climate goals.

The interest rate margin on the sustainability-linked loan is linked to Elisa's climate targets and the development of access to highspeed connections.

Elisa and NIB have agreed targets that cover Scopes 1 & 2 and selected Scope 3 greenhouse gas (GHG) emissions. The climate-related KPIs have been validated by the Science Based Targets initiative (SBTi) for the 1.5 °C alignment pathway in accordance with the Paris Agreement. The other KPI measures the decrease in the population without highspeed connections. This is the second SLL from NIB to Elisa. Compared with the previous one, this loan includes an extended period of KPI measurements.

Kristian Pullola, CFO, Elisa said: "The new, more extensive loan is a continuation of our sustainability-linked financing arrangements and further deepens our cooperation with the Nordic Investment Bank. We are committed to sustainable business and achieving net zero emissions by 2040. With NIB's support, we are promoting regional equality in access to high-speed connections and accelerating the significant reduction of our greenhouse gas emissions, both in our own operations and within our supply chain."

André Küüsvek, NIB President and CEO says: "By linking financing to ambitious goals, Elisa reinforces its commitment to reducing greenhouse gas emissions. The loan also supports investments to deliver reliable and resilient connections in locations, where high-speed access is still limited. The loan builds on our previous sustainability-linked loan to Elisa, and we are pleased to continue our cooperation."

The agreed sustainability targets are:

• KPI 1 & 2: A reduction of absolute Scopes 1, 2 and selected Scope 3 GHG emissions by 42% by 2031 from the baseline year of 2021
• KPI 3: A decrease in the population without highspeed connections (min. 100 mb/s, both mobile and fixed) in Finland and Estonia, with a target of 1% by 2031.

Elisa offers telecommunications and digital services. They provide solutions for more than 2.8 million consumer, corporate and public administration customers in the core markets of Finland and Estonia, as well as in over 100 countries internationally. In Finland, Elisa is the market leader in telecommunications, and offers internationally digital software services. Elisa employs more than 6,700 professionals in over 20 countries, and revenue in 2024 was EUR 2.2 billion. Elisa Corporation shares are listed on the Nasdaq Helsinki.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody's.

For further information, please contact

Harald Rokke, Director, Banker & Country Lead for Norway, +358 10 618 0286, [email protected]

Lotta Forssell, Senior Communications Officer, +358 10 618 0498, [email protected]