S&P Global Ratings confirms that Fabege meets the requirements for Nasdaq Green Equity Designation
Fabege's share continues to meet the requirement for the quality seal Nasdaq Green Equity Designation.The green share transparently discloses the company’s climate impact, with the aim being to ensure visible information for investors seeking sustainable investments.
To meet Nasdaq’s criteria for its Green Equity Designation, at least 50 percent of turnover (opex) and 50 percent of investments (capex) must be considered to be green, and less than 5 percent of turnover must be linked to fossil fuels. At the time of application, a qualitative assessment of the company’s compliance with the Nasdaq Green Equity Principles. Fabege was reviewed by S&P Global Shades of Green (formerly CICERO Shades of Green).
The results show that 87 percent of rental income, 77 percent of operating costs and 78 percent of investments at Fabege are classified as green and that Fabege has no turnover from fossil fuel.
“The rating from S&P Global Rating confirms that our dedicated work with sustainability issues is yielding results. It is another external validation that, alongside GRESB, gives us high marks. That Fabege is classified as a green company is positive from an investor and financing perspective as well as from a customer perspective” says Åsa Bergström, Vice President and CFO.
Fabege AB (publ)
For further information, please contact:
Åsa Bergström, Vice President and CFO, +46 (0)70 666 13 80, asa.bergstrom@fabege.se
Mia Häggström, Head of Sustainability, +46 (0)73 387 18 54, mia.haggstrom@fabege.se
With a focus on mainly commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at fabege.com.
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