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.

Casper Ruud captured the Stockholm Open title with a commanding 6-3, 6-2 victory over Ugo Humbert in a final that lasted just 68 minutes. The Norwegian second seed dominated throughout the match, dropping only two points on his serve in the first set and just one point in the second set. After breaking Humbert early in both sets, Ruud comfortably served out the match to claim his second title of 2025, following his earlier Masters 1000 victory in Madrid.

The victory came amid growing concerns about player welfare on the ATP Tour, highlighted by Holger Rune's season-ending injury during the tournament's semifinals. Rune had started strongly in Stockholm, reaching the semifinal round with victories over Marton Fucsovics and Tomas Martin Etcheverry before suffering a torn Achilles tendon that forced his withdrawal from the match against Humbert. The injury abruptly ended Rune's season, preventing his potential qualification for the season finale.

Ruud addressed the injury concerns in post-match comments, expressing frustration with the demanding tournament schedule. "It's very demanding when you go directly from tournament to tournament," Ruud stated. "Holger was in Shanghai last week, and when something is so demanding, something like this can unfortunately happen. We're all in some kind of risk zone when we step onto the pitch." The Norwegian added that while he couldn't confirm a direct connection between Rune's injury and the schedule, "in a way, all injuries are probably because of the tough schedule."

The concerns about player workload extend beyond Ruud's comments, with world No. 9 Jack Draper recently requesting the ATP Tour to reassess its packed calendar. Players have emphasized the need for a more manageable schedule to ensure long and healthy careers. Ruud acknowledged the physical demands, noting that players are "really pushing our own limits at the moment" and expressing sympathy for Rune's unfortunate situation while wishing him a speedy recovery.