Swedbank issues its first Green Bond Impact Report
Swedbank’s first Green Bond Impact Report covers the inaugural year 2017. In October last year Swedbank established its Green Bond Framework to enable and support sustainable investments, as well as issued its first green bond. The Green Bond Impact Report describes the estimated environmental impact of investments in eligible green assets on a portfolio basis.
Assets included in the Swedbank Green Asset Register amounted to SEK 7 732 million on 31 December 2017. Thirty per cent was invested in wind-power plants in Norway and Sweden, and 70 per cent was invested in green buildings in Sweden.
The avoided emissions totalled 457 309 tonnes CO2e in 2017 (annualised). Wind power generated an annualised renewable energy production of 1 784 GWh and green buildings generated annualised energy savings of 2 409 MWh. This corresponds to 37 tonnes of avoided CO2e emissions annually per SEK 1 million invested, from the issuance on 30 October 2017.
“The launch of the Green Bond Framework and issuance of Green Bonds mark important steps for Swedbank in our growing efforts to support and promote investments that contribute to the UN Sustainable Development Goals and the Paris Agreement”, says Fredrik Nilzén, Group Head of Sustainability.
Swedbank’s Green Bond Framework is used to finance or re-finance, in whole or in part, loans and investments that provide clear environmental benefits and promote the transition to a low-carbon, climate-resilient and sustainable economy. Swedbank’s issuance of Green Bonds is part of its overall approach to sustainability that focuses on contributing to the sustainable use of the earth’s finite resources and the reduction of greenhouse gas emissions through all our business activities. Swedbank is committed to provide and maintain a solid Green Bond Framework on the basis of close dialogue with and transparency towards our external partners and stakeholders.
Swedbank’s 2017 Green Bond Impact Report is available on https://www.swedbank.com/investor-relations/debt-investor/green-bonds/.
For further information:
Fredrik Nilzén, Group Head of Sustainability, Swedbank, tel +46 76 773 19 26
Josefine Uppling, Head of Press Office, Swedbank, tel +46 76 114 54 21
Magnus Alvesson, Investor Relations, Swedbank, tel +46 70 610 33 41
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 618 000 corporate customers and organisations with 191 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 June, 2018 the group had total assets of SEK 2 646 billion. Read more at www.swedbank.com