Maxima Grupė Allocates €52m To Green Investments
Maxima Grupė has announced that it has signed a 10-year, €52 million loan agreement with Nordic Investment Bank (NIB) to finance sustainability investments across its operations.
Maxima Grupė’s chief financial officer, Vitalij Rakovski, said, "We have been seeking to diversify sources of financing and focused on long-term financing, therefore we see the loan granted by NIB as the indication of trust that financial institutions have in our company."
In the next three years, the money will be utilised in enhancing the energy efficiency of Maxima's newly opened and renovated stores in the Baltic states.
The retailer has pledged to upgrade its refrigeration systems and cooling technologies, install energy-saving lighting solutions, and build solar facilities to power its operations.
"One of the main priorities set out in Maxima Grupė’s strategy is operating [efficiently and sustainably], which is why, considering the scale of our companies’ activities, we seek to adopt solutions that are more environmentally friendly," Rakovski added.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.