NRC Group publishes green finance framework with highest rating

NRC Group has established a green financing framework, as part of the commitment to develop and supply services to build sustainable transport solutions.

“In a few years, we have become a leading infrastructure company in the Nordics. And how we execute our projects, matters to us. Over 90% of our revenue is eligible according to the EU taxonomy and nearly 70% aligned. With a significantly increasing need and demand for climate-friendly transport, we are committed to challenge and provide our customers with even more sustainable solutions going forward. And with the green finance framework, also investors and creditors get the opportunity to take part of our investments for the future”, says Henning Olsen, CEO of NRC Group.

S&P Global Ratings (formerly part of CICERO Shades of green) has conducted an independent external assessment of the framework and given their highest rating, dark green. The framework and second party opinion from S&P Global Ratings can be found on www.nrcgroup.com.  

The framework sets out the criteria for investments that can be financed or refinanced with green bonds, green loans other green debt instruments. The framework will be applied to NRC Group’s investments that promote clean transportation projects. It covers investment and operating expenses related to infrastructure for rail transport, infrastructure enabling low carbon public transport, as well as investments in renewable biogas fuels and electrification of machines.

The Framework has been developed to align with the 2021 ICMA Green Bond Principles (including the updated Appendix I from June 2022) and the 2023 LMA, LSTA, APLMA Green Loan Principles.

Danske Bank acted as green structuring advisor in the development of the framework.