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.

Norwegian authorities are investigating an incident where a man suspected of attempted murder was injured during his arrest on the E18 highway in Sandefjord. The Special Unit for Police Matters has launched a mandatory investigation after the suspect sustained a fracture injury while being apprehended by police officers. Evidence from the scene has been secured as part of the probe into the circumstances surrounding the arrest.

The investigation stems from events that began Saturday evening when a woman was shot at a private address in the Unneberg area north of Sandefjord city center. The suspect fled the scene on an electric scooter following the shooting incident, which occurred around 3 PM. Police established a roadblock on the E18 highway as part of their response to the shooting.

The suspect was apprehended at approximately 7:45 PM at the police roadblock, during which he sustained injuries described as a fracture. While the extent of his injuries remains unclear, the Special Unit has initiated its investigation to clarify the sequence of events and circumstances leading to the injury. Both the suspect and the involved police officers will be interviewed in the coming days as part of the mandatory review process.

The man, who has provided an initial statement to police, has been formally charged with attempted murder and was remanded in custody by the Vestfold District Court on Monday morning. Police indicate the suspect and victim were acquainted but did not have a close relationship. The woman who was shot did not sustain life-threatening injuries, though her exact condition remains unknown as authorities continue their parallel investigations into both the shooting incident and the arrest-related injury.