Nokia has taken a significant step forward in its sustainability journey by securing a €1.5 billion five-year multi-currency revolving credit facility (RCF) that ties the cost of borrowing to the company's environmental performance. This innovative financial instrument underscores Nokia's commitment to reducing its carbon footprint, with the margin of the RCF adjusting based on the company's progress toward cutting greenhouse gas (GHG) emissions across its operations and value chain.

The new RCF, which replaces a previous €1.412 billion facility from 2019, includes two one-year extension options and links the pricing mechanism to two key sustainability targets: the reduction of absolute Scope 1 and 2 GHG emissions, and the reduction of absolute Scope 3 GHG emissions. These targets will be assessed annually, with any adjustments to the RCF margin impacting the following year, thereby incentivizing Nokia to meet its environmental objectives.

Marco Wirén, Nokia's Chief Financial Officer, expressed enthusiasm for the strong backing from banking partners in this refinancing transaction, highlighting the alignment of Nokia's financing strategy with its sustainability priorities. Subho Mukherjee, Vice President of Sustainability at Nokia, further emphasized the company's dedication to its climate transition plan, which aims to foster efficiency and innovation throughout its value chain.

Nokia's ambitious net-zero target by 2040, validated by the Science Based Targets initiative (SBTi), is a testament to the company's long-term commitment to environmental stewardship. The detailed operational approach to reducing GHG emissions, as outlined in Nokia's Net-Zero climate transition plan, reflects a comprehensive strategy to decarbonize its operations and supply chain. This latest financial move not only reinforces Nokia's sustainability agenda but also sets a precedent for how corporations can integrate environmental goals into their financial strategies.

Swedish prosecutors have charged four men aged 20 to 24 with robbery and assault in connection with three separate incidents that occurred in central Stockholm on August 27. The charges include allegations of unprovoked violent attacks with a hate crime motivation, according to court documents released by the Swedish Prosecution Authority.

The defendants are accused of robbing one individual and threatening that person's friend in Stockholm's city center, followed by what prosecutors describe as a severe assault against another person later the same night. Three of the men face additional charges for an assault that took place on the Stockholm metro system during the same evening. All victims in the three separate incidents were reported to have foreign backgrounds, though they had no connection to each other.

Prosecutor Gustav Andersson, who led the preliminary investigation, stated that surveillance footage and photographs show some of the defendants making Nazi salutes in connection with the alleged crimes. During house searches, authorities reportedly discovered materials and symbols indicating connections to right-wing extremism. The indictment specifically references the neo-Nazi and violence-promoting Aktivklubb movement as evidence of the motive behind the alleged offenses.

The Aktivklubb movement represents part of a larger international right-wing extremist network that outwardly focuses on strength training and martial arts. In Sweden, the movement gained traction in 2023 through the Aktivklubb Sverige network, which serves as an umbrella organization for local clubs. According to the Expo Foundation's 2024 annual report, five groups from Skåne to Hälsingland are part of Aktivklubb Sverige, with the number of registered activities increasing significantly last year.