Wallenstam launches framework for green bondsPublished 5/3/2019
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.