Scandinavian Biogas establishes green framework with the independentrating "Dark Green"
Scandinavian Biogas Fuels International AB (publ) (“Scandinavian Biogas” or “the Company”), as part of the Companys Financial Sustainability work, has established a green framework for future debt financing. The green framework has been created in line with the Green Loan Principles and Green Bond Principles developed by ICMA (International Capital Market Association) and has been evaluated by an independent third party, CICERO Shades of Green.
The framework has received a “Dark Green” rating from CICERO Shades of Green, including related governing documents and reporting standards.
“Scandinavian Biogas wants to contribute to a greener energy transition in society. The "Dark Green" assessment is one of several proofs on it. We have a clear sustainability profile and sustainability is an integralpart and self evident in the company's operations. We work systematically all the time to find new and innovative sustainability solutions that take into account the company's climate footprint. Through the establishment, we now want to show how we intend to use cash from future borrowing for green purposes ”- Matti Vikkula, CEO, Scandinavian Biogas
ABG Sundal Collier has been an advisor to Scandinavian Biogas in the development of the green framework.
For more information, please contact:
Matti Vikkula
CEO Scandinavian Biogas
+46 (0) 70-597 99 38
matti.vikkula@scandinavianbiogas.com
Briefly about the Company:
Scandinavian Biogas is today one of the Nordic region's largest private producers of biogas as
vehicle fuel. The company also operates a production facility for pre-treatment of food waste
and industrial organic waste, as well as a raw biogas plant in South Korea and
a plant for the production of liquefied biogas in Norway.
The information in this Press Release is such that Scandinavian Biogas Fuels International AB (publ) is obliged to publish in accordance with the Swedish Securities Market Act. The information was submitted for publication on September 30 2020 at 18:00 CET.