Significant water conservation initiatives to be implemented along the Baltic Sea coast thanks to Catena
Logistics property company Catena is in the process of completing the financing of a water conservation project in which two coastal wetlands and two coastal estuaries are to be restored to create better spawning environments for fish.
3 November 2022, 09.00 CEST
The aim of the ‘Fyra åtgärder för mer Östersjöfisk’ (Four measures for more Baltic Sea fish) project is to improve stocks of pike, perch and trout along the Baltic Sea coast, with the additional benefits of a healthier coastal environment with a rich biodiversity and more pleasant outdoor environments. The Penningby and Bergshamra rivers, together with Koholma and Sänsjö wetlands in Norrtälje municipality, will all be affected. The project is run by Sportfiskarna – the Swedish Anglers’ Association. For Catena, collaboration with other companies, stakeholder organisations and associations are a vital factor for the success of sustainability initiatives. In addition to helping create better aquatic environments, Catena's ambition is to gather important knowledge about water conservation – knowledge that can be useful both in connection with our existing properties and in connection with Catena's new builds.
“As an owner and developer of logistics properties, water resources located near our properties are an important and urgent matter. We have ambitious sustainability targets and, by supporting and collaborating with Sportfiskarna on this project, we can learn about ways to develop our own water conservation and biodiversity projects in the most effective way,” notes Amanda Thynell, Head of sustainability at Catena.
The current project has already been granted government aid with support from the water conservation projects ordinance (LOVA ordinance), but the government’s share of the financing may not exceed 80 percent of the total costs. With Catena’s financial support the project can start.
“We are very pleased that Catena wants to contribute to Sportfiskarna’s efforts to help protect the Baltic coast’s fish stocks and ecology. With a strong co-financier like Catena behind us, we at Sportfiskarna can now focus fully on another project to ensure robust water conservation with our sights set on increasing the number of fish found in fresh water habitats,” adds Nils Ljunggren, head of Region Mitt for Sportfiskarna.
For more information, please contact
Amanda Thynell, Head of Sustainability, Tel. +46 72 510 03 01 amanda.thynell@catena.se
Jörgen Eriksson, CEO, Tel. +46 730 70 22 42, jorgen.eriksson@catena.se
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Catena is a listed property company that sustainably develops and durably manages efficient logistics facilities through collaboration. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future flows of goods. The overarching objective is to generate a strong cash flow from operating activities to enable sustainable growth and stable returns. As of 30 September 2022, the properties had a total value of SEK 26,667 million. Catena shares are traded on Nasdaq Stockholm, Large Cap.
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