As a tool to drive the efforts to meet our targets, the facility’s interest margin will be adjusted based on our ability to meet a well-defined progress on four strategic sustainability KPIs on an annual basis. The facility builds on four KPIs focusing on:
- Moving SimCorp’s own operations from on-premise data centers to more energy-efficient cloud hosting
- Onboarding new and existing SimCorp clients to energy-efficient cloud solutions in Microsoft Azure
- Increasing the share of women in SimCorp, overall and in management positions
At SimCorp, we see sustainability as an integral part of our business, and a core driver in our transformation to a technology-enabled service company. We want to run a sustainable business and to offer our clients energy-efficient solutions that help them reach their GHG emissions reduction targets.
Our ambition is to make SimCorp a platform for positive sustainable social change – for our employees, our clients, and the societies in which we operate. Through our women’s mentorship program, gender diversity pledge, and other gender diversity initiatives.
Michael Rosenvold, CFO at SimCorp comments “We are very satisfied to have signed our first sustainability-linked credit facility, as it demonstrates our commitment to running a company built on sustainable solutions to our clients and sustainable company growth. Our gender diversity targets reflect that we want to help increase the share of women not only in SimCorp but also in the IT industry and in management positions overall. We are therefore pleased to have taken this step to further integrate sustainability into our commercial and financial strategy”.