European Bank of Reconstruction and Development (EBRD)
Enabling SMEs timelier access to more affordable working capital finance.
EBRD and Citi are jointly supporting the rollout of a sustainable supply chain finance programme for Finnish technology and services company Metso Outotec and its suppliers in Türkiye, the majority of which are small and medium-sized enterprises (SMEs). EBRD’s funded risk participation of up to €25 million in Metso Outotec’s supply chain finance program in Türkiye – administered by Citi – will support eligible suppliers based in the country, providing them with access to affordable working capital finance.
This is expected to accelerate their transition to greener operating models, contributing to Metso Outotec’s ongoing efforts to decarbonise its supply chain. This model of incentivising target-driven, sustainability-linked changes in a supply chain finance programme is called “sustainable supply chain finance” and has been increasingly adopted by large corporates to catalyse climate and social action throughout their supply chains.