Great interest from the capital market as Greenfood issues bond linked to the Group's sustainability work

Greenfood AB (publ) has successfully issued a four-year sustainability-linked bond for SEK 1,050 million. The bond is linked to Greenfood's Sustainability Framework’s targets. The Framework has been reviewed by an independent second opinion provider and has received the highest possible rating. After significant interest from both leading Nordic and European investors, the bond was quickly oversubscribed.

To fund growth and investment in developing a sustainable business, Greenfood AB (publ) has successfully issued a sustainability-linked bond for SEK 1,050 million. The bond was quickly oversubscribed, as the capital market showed great interest in Greenfood, and the Group's sustainability work.

In recent years, Greenfood has become a leading player in healthy, convenient, food and is at the forefront of technology and sustainability. The Group uses, among other things, artificial intelligence (AI) to reduce food waste in their salad bars. Greenfood has also recently invested in a massive new centre for sustainable and healthy food. The new plant will be at the forefront of energy and environmental efficiency through, amongst other features, efficient cooling systems and modern heat recovery, as well as a solar cell park that will cover parts of the business's electricity needs.

“The bond gives Greenfood greater financial flexibility to invest in more sustainability projects and in future growth. At the same time, the bond is a clear and transparent visualization of our very ambitious climate targets,” David von Laskowski, President and CEO of Greenfood Group, said.

Greenfood has linked the bond to the outcome of three defined sustainability goals that are in line with the Group's ambitious sustainability strategy:

• Reduce climate emissions from Scope 1 and Scope 2 by 55% per tonnes sold food
• Define Science based CO2 emission reduction targets and be validated by SBTi
• Reduce food waste by 20% by 2025, and 45% by 2030

The Governance Group (TGG) has carried out an independent review of the sustainability framework and given it the highest possible rating, an A-rating.

“Getting the highest rating for our sustainability framework is proof that we are developing our sustainability work in the right direction and that the market ratifies our ambitious environmental targets,” von Laskowski said.

The bond will be listed on Frankfurt and Nasdaq Stockholm.

Pareto was ESG Advisor and Bookrunner. Swedbank was Bookrunner

For detailed information on the objectives and framework, see

https://www.greenfood.se/en/bo...

For further information, please contact:
David von Laskowski, President and CEO of Greenfood Group
david.von.laskowski@greenfood.se

Mattias Engberg, Group CFO
mattias.engberg@greenfood.se

Lisa Isakson, Head of Sustainability
Lisa.Isakson@greenfood.se
Tel +46 702 41 14 00