Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) updates its green financing framework in order to be able to issue green financing instruments, currently totalling SEK 10bn. The green financing framework has been subject to an independent external assessment by the Center for International Climate and Environmental Research in Oslo, Norway (CICERO).
“Sustainability is a central part of our business model and the updated green financing framework will support our Sustainability Vision 2030 with the target to become 100 per cent climate neutral in 2030,” comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
SBB’s green financing framework is in line with the so-called Green Bond Principles, which have been developed by the International Capital Market Association (ICMA). SBB has commissioned and received an independent valuation by CICERO of the green financing framework and associated steering documents and routines for assessing the environmental impact of the projects. In light of their assessment of project types, steering documents goals and reporting standards, SBB’s green financing framework has received a “Medium Green” assessment by CICERO.
SBB has worked with Citi to develop the green financing framework.
For further information, please contact:
Marika Dimming, IR and Head of Sustainability, +46 70 251 6689, [email protected]