Direct Engagement:
euNetworks

IMCO has been an investor in euNetworks, a leading European bandwidth infrastructure company, since 2018. The company owns and operates fibre networks in 17 cities. IMCO identified sustainability as a priority value lever and engaged with the management team and co-shareholders to elevate the ESG agenda at the company to create additional value. In 2022, euNetworks joined the Climate Pledge, committing to being net zero by 2040 and setting science-based emissions reduction targets across Scopes 1, 2 and 3. In 2023, the company developed its inaugural sustainability policy. It also secured a €760 million sustainability-linked loan, through which meeting specific sustainability targets will lower the interest rate.