Scania issues green bond to finance further investment in electrification
To support its continued investments in electrification, Scania issued another green bond, this time totalling SEK 3 billion. The proceeds will be used for additional investment in the development of battery-electric vehicles. The strong interest in the bond shows that the capital market actively supports Scania’s purpose of driving the shift towards a sustainable transport system.Scania has issued a second green bond, as part of the company’s efforts to deepen its investment in electrification technologies. In 2020, Scania became the first manufacturer of commercial heavy vehicles to