Green Financing

Ellevio’s framework for green financing promotes investments that contribute to the Paris Agreement and the UN Sustainable Development Goals. The framework is adapted to the EU taxonomy and has obtained a second party opinion from ISS ESG.

Ellevio's response to society's need for a modern and expanded energy system includes large investments to modernise, digitalise, weather-proof, increase capacity and further develop the networks, as well as enabling the connection of new fossil-free sources of energy. Other initiatives involve enabling charging infrastructure and developing solutions for flexibility, energy efficiency and optimisation.

Second party opinion from ISS ICS

ISS ICS, one of the world’s leading rating agencies in the field of sustainable investment, concludes that Ellevios’ green financing framework:

• is aligned with the ICMA’s Green Bond Principles and LMA’s Green Loan Principles
• will finance projects that contribute to UN SDG 13 ‘Climate action’
• is aligned with the EU Taxonomy regarding the Climate Change Mitigation Criteria, the Do No Significant Harm Criteria and the Minimum Safeguards requirements

Issued green bonds

In June 2023, green bonds totaling SEK 3 billion were issued under the updated framework, and in January 2024, a further SEK 3 billion in green bonds were issued. In March 2024, a public bond of EUR 500 million was issued.

Ellevio publishes a Green Bond Investor Report on the allocation of proceeds annually and at least until full allocation or until maturity. The report is published in connection with the publication of the Annual and Sustainability Report.

For list of public bonds issued, click here.

Green Financing Documents

All documents related to green financing are available here.

Download the green finance framework.

Previous Green Bond Framework

Ellevio launched its’ first framework for green financing in 2019. See table below for documents related to this framework.