Länsförsäkringar Bank launches green bond framework

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Länsförsäkringar today launches its new green bond framework, which is strong and detailed, and enables issuance of green bonds from Länsförsäkringar Bank and Länsförsäkringar Hypotek (both senior unsecured bonds and covered bonds).

The underlying assets for green bonds issued under the framework are loans in the banking group. The framework’s green loan categories intend to reflect the technical screening criteria for substantial contribution stipulated in the EU Taxonomy to the extent possible, and include: mortgage loans to customers with green and energy-efficient buildings (based on the EU Taxonomy definition of top 15%) as well as loans for sustainable forestry and agriculture, renewable energy and clean transportation.

The green bond framework is aligned with the Green Bond Principles published in June 2021 by the International Capital Market Association (ICMA). Danske Bank has acted as adviser on the establishment of the green bond framework and Sustainalytics has provided a second-party opinion confirming the ICMA Green Bond Principles alignment.

Länsförsäkringar Bank has the ambition to issue an inaugural green bond in 2022, and has also with its new green framework, a good capacity for continuous green bond issuance.

”Länsförsäkringar has had the ambition to link its sustainability efforts also to sustainable financing, aiming for a further strengthened focus on green loans in the banking group, and at the same time providing investors with the possibility to invest in green bonds from Länsförsäkringar Bank. Therefore, we are very happy to be able to launch our new green bond framework today.”, says Maher Sharifi, Head of Sustainability at Länsförsäkringar Bank.

Länsförsäkringar Bank is a customer-owned retail bank with a focus on responsible customer offerings, and with strong local presence throughout Sweden. The overall direction is to integrate sustainability into the strategy and business model for the entire banking operation, when it comes to mutual funds, savings, lending and insurance. The long-term target is to be climate positive at the latest by 2045.

The green bond framework and additional information could be found on the website

For further information, please contact:
Martin Rydin, CFO, Länsförsäkringar Bank, +46 739 64 28 23
Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank, +46 720 84 36 34
Press contact, Länsförsäkringar AB, +46 8 588 41850

Länsförsäkringsgruppen består av 23 lokala och kundägda länsförsäkringsbolag och det gemensamt ägda Länsförsäkringar AB. Genom sitt lokala länsförsäkringsbolag får kunderna ett helhetserbjudande inom bank, försäkring och pension. Genom Agria Djurförsäkring erbjuder vi djur- och grödaförsäkring, genom Länsförsäkringar Fastighetsförmedling helhetslösningar för en trygg bostadsaffär och genom Wasa Kredit finansieringstjänster som leasing, avbetalning och lån.