Ellevio publishes report on green financing of projects supporting the climate transition

- Interest in our green bonds is strong, and I see this as evidence that the capital markets understand the need for a stable and well-developed electricity system – both for Sweden’s future prosperity and for the ability to transition to a fossil-free society,” says Johannes Hagman, Vice President Treasury at Ellevio.

Green bonds are corporate bonds where the proceeds are earmarked for projects with environmental or climate benefits, and they are an important part of financing Ellevio’s electricity network investments.

Investments categorised as green follow Ellevio’s Green Financing Framework. This means that the proceeds must be allocated to electricity network projects that contribute to the climate transition, for example by enabling the connection of more fossil-free electricity, expanding network capacity and supporting the electrification of transport and industry. The projects are also assessed against the EU Taxonomy, the EU’s classification system for environmentally sustainable economic activities. Electricity grids are recognised as activities that can support the climate transition, and 99 percent of Ellevio’s capital expenditure is therefore considered environmentally sustainable.

The report, which has been reviewed by EY, shows that SEK 6.1 billion was allocated to investment projects aligned with Ellevio’s Green Financing Framework for 2025. The allocation decision was made in early 2026. In 2025, Ellevio also issued new green bonds through a public transaction amounting to EUR 500 million, equivalent to approximately SEK 5.4 billion.

About Ellevio Green Finance Framework

• Updated 2023
• Has an independent external assessment from ISS ESG
• Is EU Taxonomy aligned

Links

Ellevio Green Bond Investor Report maj 2026

Ellevio Green Financing Framework

Bond list 

Ellevio Annual and Sustainability Report 2025 

For more information, please contact:

Sarah Östberg, Head of Financial and Sustainability Communication
+46 709 71 12 40, sarah.ostberg@ellevio.se

Johannes Hagman, VP Treasury
+46 709 14 39 24, johannes.hagman@ellevio.se

About Ellevio

Ellevio is one of Sweden’s leading energy companies, enabling the transition to a low-carbon economy. We distribute electricity to almost one million customers and provide energy solutions across Sweden. We enable the electrification of industry and transportation through a modern, reliable grid and major investments in the energy system. Ellevio employs more than 800 professionals, and together with our partners we provide jobs for more than 4,000 people. The company is owned by pension fund managers AMF, Folksam, OMERS Infrastructure and the Third Swedish National Pension Fund (AP3).