Heimstaden Bostad Establishes Green and Sustainability-Linked Financing Framework
Heimstaden Bostad has established a combined green and sustainability-linked financing framework to enable the issuance of green and sustainability-linked financing instruments.
The framework will support Heimstaden Bostad in achieving its ambitious climate targets of reducing greenhouse gas emissions with 42% by 2030, in line with the Paris Agreement’s ambition to limit global warming to 1.5˚C. The roadmap to reach the targets has been validated and approved by the Science Based Targets initiative.
The green financing element of the framework identifies three eligible categories for future investments: development or acquisition of buildings, major renovations of existing buildings, and energy efficiency measures. The sustainability-linked financing element specifies a Sustainability Performance Target for the Key Performance Indicator relating to mentioned greenhouse gas emission target.
“The gravity of the climate crisis calls for real action from the global community. We are committed to take a leading role in the efforts of transitioning the property sector to a low-carbon and environmentally sustainable society. The combined green and sustainability-linked framework enables us to allow investors to be part of this transition,” says Adam Lindh, Head of Treasury at Heimstaden.
The globally leading ESG rating agency Sustainalytics, concluded in a Second Party Opinion that Heimstaden Bostad’s Green and Sustainability-Linked Financing Framework is credible and impactful, and aligns with the four core components of the Green Bond Principles 2021, Green Loan Principles 2021, Sustainability-Linked Bond Principles 2020, and Sustainability-Linked Loan Principles 2022. Sustainalytics also believes that the activities and projects to be financed under the Framework will be carried out in alignment with the EU Taxonomy’s Minimum Safeguards.
Read more about the Framework and Second Party Opinion from Sustainalytics here: Heimstaden Bostad - Investors - Debt Information - Green Bond Framework.
Contact
Christian V. Dreyer, CCO
media@heimstaden.com
Malin Lethenström, Investor Relations
ir@heimstaden.com
About Heimstaden Bostad
Heimstaden Bostad is a leading European residential real estate company with around 158,000 homes across 9 countries with a property value of SEK 345 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share - our 2,200 colleagues fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. Read more at www.heimstadenbostad.com.
