Serneke launches framework for green bonds
Serneke has developed a new framework that makes it possible to issue green bonds. The purpose is to finance construction projects focusing on sustainability.
“For the company, this is another step on the way to an increased focus on sustainability and it also demonstrates that we are involved and actively contribute to the development in the area”, says Anders Düring, CFO of Serneke Group.
The proceeds from the future green bonds will be used to finance projects that have been assessed by Serneke in accordance with the green framework. Projects include both housing and commercial premises that are environmentally certified* and achieve 20 percent better energy efficiency than required by the regulations issued by the National Board of Housing, Building and Planning. The framework applies both for projects developed in-house as well as to construction performed by external clients.
The framework has undergone an independent external assessment by CICERO Shades of Green, being awarded the overall rating Light Green. The framework will be updated every third year. Serneke’s objective is to achieve a higher rating in connection with the next update.
The green framework has been developed in cooperation with Nordea and was designed in line with the Green Bond Principles industry standards, which are administrated by the International Capital Markets Association (ICMA).
* Environmental building (level Silver minimum), LEED (level Gold minimum), BREEAM-SE (level Very Good minimum), Nordic Swan Ecolabel
For additional information, please contact:
Anders Düring, CFO Serneke Group AB
Tel: +46 31 712 97 00
anders.during@serneke.se
Elisabeth Karlsson, Treasury Manager Serneke Group AB
Tel: +46 70 233 79 77
elisabeth.karlsson@serneke.se
Johan Live, Communications Manager, Serneke Group AB
Tel: + 46 768 68 11 37
johan.live@serneke.se
Serneke is a growing corporate group active in contracting and project development. The Group was founded in 2002 and today has income of nearly SEK 6.9 billion and approximately 1,100 employees, organized into three business areas: Serneke Sweden, Serneke Invest and Serneke International. Through novel thinking, the Company drives development and creates more effective and more innovative solutions for responsible construction. The Company builds and develops housing, commercial buildings, industrial facilities, public buildings, roads and civil engineering projects, and other infrastructure. The company’s customers consist of both public and commercial clients. The Company’s Swedish units operate nationwide and are organized into five regions: South, West, East, Central and North, and are headquartered in Gothenburg. The Company’s Series B shares (SRNKE) have been listed on the Nasdaq Stockholm exchange since November 2016.
Further information about Serneke Group AB is available at www.serneke.se
