The European Bank for Reconstruction and Development (EBRD) has announced a €30 million sustainability-linked loan to Scandagra Group, a leading agribusiness trader and commodities supplier serving more than 6,000 farmers across the Baltic states. The funding will support Scandagra in deploying precision agriculture technologies across 150,000 hectares of farmland in Estonia, Latvia, and Lithuania. Among these are Dataväxt, a digital tool designed to help farmers optimise crop management, and a new platform for monitoring, reporting, and verifying green activities.
By improving the efficiency of fertiliser and pesticide use, these solutions are expected to increase nutrient-use efficiency and cut greenhouse gas emissions by nearly 14,000 tonnes of CO₂e annually. This marks Scandagra’s first sustainability-linked loan, designed with performance-based incentives tied to achieving ambitious environmental targets. The facility is supported by a European Union InvestEU guarantee, which played a key role in establishing green key performance indicators and aligning the company’s sustainability goals with broader EU climate objectives.
The agricultural sector accounts for about one-third of global greenhouse gas emissions and is a significant contributor to biodiversity loss. Introducing climate-smart practices such as precision fertiliser application is therefore essential in reducing agriculture’s carbon footprint, limiting water pollution, and mitigating wider ecological impacts. Scandagra, headquartered in Sweden, is jointly owned by two major cooperatives—Lantmännen of Sweden and Dansk Landbrugs Grovvareselskab of Denmark.
The company plays a central role in providing inputs and trading services to farmers across the Baltics. The EBRD remains one of the largest institutional investors in the region. To date, the Bank has invested €1.31 billion in Estonia, €1.19 billion in Latvia, and €1.93 billion in Lithuania, reinforcing its long-term commitment to advancing sustainable development and green innovation in the Baltic states.
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