Hufvudstaden has developed a new framework for green financing to enable a wider spectrum of green financing opportunities and creates conditions for issuing green bonds and commercial paper as well as taking out green bank loans.
"With the updated green framework, we want to offer investors and banks an opportunity to participate in the green transition via our green investments. The financial sector has an important role to play when the real estate industry is to contribute to reaching Sweden's climate goals," said Asa Roslund, CFO, Hufvudstaden.
With increased requirements for both new and existing buildings, the framework aims to finance green and energy-efficient properties as well as investments in climate change and sustainability.
"In order to reach our high sustainability goals such as climate-neutral management and reduced climate-impacting emissions, a new framework is needed to support our continued sustainability work to a greater extent," said Karl-Johan Wall, Head of Sustainability, Hufvudstaden.
The framework is designed in line with the latest principles for green loans and bonds and has taken into account parts of the EU Taxonomy's technical review criteria for the prevention of climate change. S&P Global Ratings has conducted an independent review and issued a second opinion with the rating "Medium Green".
Written by Leon Goldwater for Europe Real Estate.
Image source - Cision.
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