19-11-2019 PRESS RELEASE
Ellevio launches framework for green bonds to enable the transition to a climate-neutral society
Ellevio accelerates its sustainability work and establishes a framework for issuing green bonds. The framework has been reviewed by CICERO and received the highest rating, "Dark Green".
In order to offer the capital market the opportunity to invest in projects that support the transition to a climate-neutral society, Ellevio has launched a framework for issuing green bonds. Projects that may be eligible for funding are those that contribute to the UN's Sustainable Development Goals.
The new framework has been developed in accordance with the industry standard for green bonds (ICMA Green Bond Principles) and has been reviewed by the independent climate and environmental research institute CICERO. In this review, the framework received the highest rating "Dark Green".
An investor letter will be published annually on Ellevio’s website for investors and other stakeholders to receive more detailed information regarding Ellevios climate mitigation activities and the allocation and impact of green projects and assets funded.
- We are very pleased to be able to supplement our current financing with the possibility to issue bonds where the proceeds are directly allocated to our different investment projects. This will give investors transparency about what projects they finance and what environmental impact they entail. Our investors must be confident that the projects selected really support the energy transition with lower climate impact, says Jan Seveborg, Head of Treasury.
Link to the framework and CICERO’s Second opinion