Atrium Ljungberg launches its framework for sustainability-linked financing

Atrium Ljungberg is launching a sustainability-linked bond framework. The link to sustainability underlines the company’s work to achieve its new ambitious sustainability goals and to ensure that sustainable growth will continue into the future. The results of the previous sustainability goals are presented in the framework.

The framework enables investors to support Atrium Ljungberg’s goals for climate neutrality and social stability that run until 2030. This new framework ensures that sustainability-linked bonds can be issued as part of the company’s MTN programme. Atrium Ljungberg hired Cicero and the International Institute for Sustainable Development to perform an independent assessment of, for example, the level of ambition and materiality of the company and its framework. Their overall opinion is that Atrium Ljungberg is extremely ambitious in its sustainability work and has effective strategies in place to achieve its goals, while the design of the framework is consistent with the Sustainability-Linked Bond Principles from ICMA. The framework, second opinion and updated MTN prospectus are available on Atrium Ljungberg’s website, al.se. Atrium Ljungberg intends to issue a sustainability-linked bond as part of this new framework in the near future.

Borrowing under this sustainability-linked framework is associated with the following four sustainability indicators and sustainability goals:

1. Climate footprint for new builds (75% reduction by 2030 without any compensation)
2. Climate footprint in property management (43% reduction by 2030 without any compensation)
3. Socially sustainable locations (90% in the ‘Our City’ index by 2030)
4. Evaluation of the main suppliers based on the Supplier Policy (100% by 2025)

“We’re delighted to present our framework for sustainability-linked financing, which covers every section of the ESG concept. What we’re offering investors is the opportunity to support our work to be climate-neutral and to continue to develop socially sustainable locations by 2030,” says Annica Ånäs, CEO of Atrium Ljungberg.

Atrium Ljungberg’s new sustainability strategy, new sustainability goals, and its vision for green and sustainable financing will be presented on the company’s Capital Markets Day, which will be held digitally on Thursday 10 February at 11.00. Link: https://tv.streamfabriken.com/atrium-ljungberg-q4-cmd-2021

Atrium Ljungberg set up four goals for its sustainability work between 2014 and 2021 and can now present its results:

• The proportion of environmentally-certified buildings currently amounts to 96%, which falls just short of our goal of 100%.
• Green contracts comprise 59% of our contracted annual rent, so we have exceeded our goal, which was set at 50%. Green lease contracts are when the landlord and the tenant agree on joint measures to retain or improve the environmental performance of the premises.
• The goal to reduce energy consumption in our properties by 30%, including tenants’ energy consumption, was ambitious. Although we reported a reduction of 31% for property energy, we only achieved a reduction of 26% overall when we include our tenants’ electricity and process cooling.
• We exceeded our goal of becoming one of Sweden’s best workplaces with a score of at least 85% in the Great Place to Work index; in 2021 we achieved a score of 90%.

“We’ve come a long way and almost achieved all our goals for 2021. There’s a high level of engagement throughout the company to work towards our new sustainability goals. One key goal is for us to be climate-neutral by 2030,” says Saga Jernberg, Head of Sustainability at Atrium Ljungberg.  

Nacka 7 February 2022
Atrium Ljungberg AB (publ)

This information is of the type that Atrium Ljungberg AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU no. 596/2014). The information was submitted for publication through the agency of the contact person, on 07 February 2022 at 08.00 CET.

For further information, please contact:

Ulrika Danielsson, CFO Atrium Ljungberg, +46(0)706-47 12 61
ulrika.danielsson@al.se

Atrium Ljungberg is one of Sweden’s biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Gothenburg, Malmö and Uppsala. Our focus is on developing attractive urban environments for offices and retail, supplemented with residentials, culture, service and education. The total letting area is approximately 1 million m² valued at SEK 49 billion. Our areas include more than 30,000 workers and students as well as 1,000 residents. Our project portfolio will enable us to invest the equivalent of approximately SEK 37 billion in the future. Atrium Ljungberg is listed as ATRLJ-B.ST on the NASDAQ Stockholm Large Cap list.
Find out more at www.al.se

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