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Sustainable transformation poses challenges to industrial companies

Most people know that the industry must change. Achieving global goals for sustainable business requires investment willingness, capital and knowledge. Wasa Kredit provides advice and financing to support engineering companies in their sustainable transformation.
It is more important than ever for businesses to invest in sustainable development and contribute to the UN’s Global Goals. Legal requirements and regulations in sustainable development are increasing along with customer demands. For the country’s small and medium-sized industrial and engineering companies, the necessary transformation presents several challenges.
– The first and biggest challenge is that it requires a lot of investment to change the business. The second challenge is that it is complex and it is difficult to choose which changes will have the biggest impact on the company as it moves towards sustainable transformation and a fossil-free society, says David Isaksson, Sales Manager Wasa Kredit.
Advice and financing
For many companies, financing becomes an important enabler. Wasa Kredit advises and finances projects that have a measurable impact on the climate and are in line with one of the UN’s 17 Global Goals. This concerns, for example, production facilities that are able to significantly reduce their carbon footprint by switching from fossil fuels to pellet fuels and installing flue gas cleaners. Solar cells, battery storage and sustainable transport are other areas where Wasa Kredit is involved in financing sustainable transitions, as well as a growing number of circular and innovative business model initiatives.
– Another exciting example is a customer who has tank trucks that pick up dirty industrial water from the plant to remove the slag from it. With the help of conversion funds, they were able to invest in an onsite water treatment module. David Isaksson says that now fewer trucks are needed to collect the slag, while they have also created a water cycle within the industry.
Local influence and the advantages of a large company
Wasa Kredit has a long experience of working in industry financing. The fact that they are owned by Länsförsäkringar and therefore the 23 local county insurance companies are in turn owned by their policy customers provides security.
– We are committed to finding the best solutions for our customers. Together with Länsförsäkringar, we can offer a comprehensive range of services, including damage prevention, risk minimization and supporting companies in their sustainable transformation. This is a huge advantage for our customers, says Thomas Högväg, CEO of Wasa Kredit.
About Vassar Credit
Wasa Kredit is a Swedish financial company, wholly owned by Länsförsäkringar Bank and part of the Länsförsäkringar Group. We provide financing services to companies through leasing, rental and installment payments, as well as installment payments, loans and credit cards to individuals. The head office is in Stockholm, with local offices in Gothenburg, Malmö, Växjö, Umeå and Örebro.
This article was produced by Brand Studio in collaboration with Wasa Kredit and is not an article by Dagens industri
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