DELTA Fiber Nederland has made agreements to link the financing of its fibre rollout to sustainability objectives, involving a loan of EUR1.45 billion (USD1.40 billion), underlining the company’s targets in the field of ESG (Environmental, Social and Governance). The better DELTA Fiber performs in this area, the lower the interest rate.
The loan will be used to continue the deployment of the latest generation of fibre-optics across the Netherlands. CFO Huib Costermans noted: ‘With these agreements, we commit ourselves to objectives in three areas: reduction of CO2 emissions, diversity and employee involvement. We now install fibreglass at 30,000 addresses every month. Since fibre-optic is the most energy-efficient fixed telecom technology, this alone ensures considerable sustainability in the Netherlands. However, our ambitions in this area are broader. We believe that these performance agreements are a good incentive for this.’
DELTA Fiber’s network reaches more than one million households and companies and is growing by roughly 8,000 fibre-covered premises per week, under the goal of reaching two million premises by 2025.