SNP incorporates a sustainability component into debt financing for the first time

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EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Financing
SNP incorporates a sustainability component into debt financing for the first time
04.11.2022 / 09:19 CET/EST
The issuer is solely responsible for the content of this announcement.

SNP incorporates a sustainability component into debt financing for the first time

Heidelberg, November 4, 2022 – SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), one of the world’s leading providers of solutions for digital transformation processes and software-based data migrations, has agreed on an additional ESG component (Environment, Social, Governance) for its existing debt financing with Commerzbank AG. The interest rate is linked to SNP’s EcoVadis ESG rating.

“We are working on the continuous improvement of our sustainable development structures in the three areas of environment, social and governance. Sustainability is becoming increasingly important to us as a company and in the capital market. Therefore, integrating this subject into our funding is a logical next step. The link between our funding and sustainability strategy thus becomes even more established,” says Michael Eberhardt, CEO of SNP SE.

SNP regularly receives a new EcoVadis ESG rating. The results form the basis of the ESG component of the funding. If the SNP exceeds the target values ​​defined in the areas of environment, social and governance, interest payments are reduced. Accordingly, increased interest payments are due if SNP fails to achieve the agreed target values.

About the SNP

SNP is one of the world’s leading providers of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: the CrystalBridge data transformation platform(R) and the SNP BLUEFIELDMT allows companies to restructure and modernize their IT landscapes in a much faster and more reliable way, as well as to migrate to new systems or cloud environments in a more secure way. This gives customers clear qualitative advantages while reducing their time and costs.

The SNP Group has approximately 1,350 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenues of approximately €167 million in fiscal year 2021. It serves multinational enterprises across all industries. SNP was established in 1994, went public in 2000 and has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been operating as a European company (Societas Europaea/SE).

More information is available at www.snpgroup.com

Contact person at SNP:
Marcel Wiskow
Investor Relations Director
Such. : +49 6221 6425-637
Email: [email protected]

04.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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