Wallenstam launches framework for green bonds
Wallenstam has been on the Swedish bond market for several years. Now Wallenstam is taking the next step and in cooperation with Handelsbanken has established a framework for green bonds. The framework has been reviewed by Cicero and obtained the highest rating, Dark Green.
The green framework gives Wallenstam the opportunity to issue green bonds under the regular MTN program (Medium Term Notes). The framework describes what types of projects and assets that can be financed using green bonds.
The framework was reviewed by the independent research institute Cicero (Center for International Climate Research) and obtained a very strong result. In its so-called second opinion, Cicero gave Wallenstam’s framework the highest rating, Dark Green. The structure for governance and reporting in the framework also obtained the highest rating, Excellent.
“Wallenstam’s presence on the bond market aims to create a broader and more flexible supply of capital. With our comprehensive sustainability work behind us, it feels natural to take this step towards more green financing,” says Hans Wallenstam, CEO.
More information about Wallenstam’s green bonds is available at www.wallenstam.se/greenbonds.
For further information:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 34
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 47 billion and the customer base consists of around 9,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.