Swedbank’s Green Bond Impact Report 2018
Swedbank’s Green Bonds are making a difference. During 2018 Swedbank’s Green Asset Register included assets worth more than SEK 10 billion. This corresponds to avoided emissions of 481 863 tonnes of CO2e.
“The Green Bond business is constantly evolving, which we fully embrace since we see the great potential of Green Bonds to leverage the transition to a low-carbon economy and enhance the contribution to the Sustainable Development Goals. We will continue to engage in close dialogue with our customers and help accelerate their ambitions in the transition to a more sustainable society,” says Fredrik Nilzén, Head of Group Sustainability at Swedbank.
Swedbank established its Green Bond Framework in October 2017 to enable and support sustainable investments. The Green Bond Impact Report describes the estimated environmental impact of investments in eligible green assets on a portfolio basis. Swedbank strives to be at the forefront in developing its business, and helping our clients develop their businesses, in line with the growing demand and interest for sustainable solutions in the society at large.
Assets included in the Green Asset Register in 2018 totalled SEK 10 319 million and tonnes of avoided CO2e emissions amounted to about 47 per million invested. The proceeds from the Green Asset Register were used to finance and re-finance green buildings and renewable energy investments that reduce carbon usage in society and contribute to several of the Sustainable Development Goals as specified in the Swedbank Green Bond Framework.
Swedbank’s Green Bond Impact Report 2018 is available on: www.swedbank.com/investor-relations/debt-investors/green-bonds.
For further information:
Fredrik Nilzén, Head of Group Sustainability Swedbank, ph. +46 76 773 19 26
Carina Sesser Nylund, Press Contact Swedbank, ph. +46 72 230 52 64
Magnus Alvesson, Investor Relations, Swedbank, ph. +46 70 610 33 41
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 186 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December, 2018 the group had total assets of SEK 2 246 billion. Read more at www.swedbank.com