Zengun Group AB (publ) establishes framework for sustainability-linked bonds

Zengun Group AB (publ) ("Zengun" or the "Company") today announces that the Company has established a sustainability-linked bond framework (“SLB-Framework”) under which the Company can issue sustainability-linked bonds. The SLB-Framework is a further step in Zengun’s commitment to its sustainability goals and by extension contribute to a more sustainable urban development.

The sustainable performance targets selected for the SLB-Framework includes reducing the Company’s climate footprint in scope 1, 2 and 3, as further described in the SLB-Framework. Sustainalytics has conducted an independent review of the SLB-Framework and concludes it to be aligned with ICMA’s sustainability-linked principles for bonds.

The SLB-Framework and Sustainalytic’s second party opinion are available on Zengun’s website via the following link: https://zengun.se/sv/bond24/

As announced today in a separate press release, Zengun contemplates to issue new senior secured sustainability-linked bonds under the SLB-Framework.

For more information, please contact:
Mick Salonen, President and CEO, +46 (0) 70 569 66 73
Caroline Hill, Head of Sustainability, +46 (0) 70 409 96 38

Driving projects drives Zengun. We operate in Stockholm and Mälardalen, in close collaboration with customers and always with the project and people in focus. We help property owners improve their property portfolios in each project by offering know-how and skills as a collaboration and sustainability partner throughout the entire lifespan of the project. We build commercial properties, with a mix of select public-sector properties and residential projects. We take the long term into consideration for our employees, customers and surroundings, and are constantly developing to make each project a reference project. In 2022, Zengun had sales of approximately SEK 2.5 billion and 150 employees. #zengunbyggerstaden