Green financing

In 2013, Vasakronan issued the world’s first green corporate bond. In 2018, we took the next step and issued the world’s first green commercial paper, with the funds earmarked for green assets. In 2026, we further broadened our green financing through the issuance of European Green Bonds (EuGB), with the proceeds allocated to Taxonomy-aligned assets.

The European Green Bond Standard is an EU-regulated standard for green bonds aimed at ensuring a high level of transparency and comparability for investors. European Green Bonds (EuGB) finance investments that meet the environmental sustainability criteria of the EU Taxonomy.

A requirement for issuing EuGB is the preparation of a Factsheet, which, among other things, describes the projects to be financed. The Factsheet is reviewed by an external reviewer to ensure compliance with the regulatory framework and the EU Taxonomy criteria.

Below is Moody’s external review, which also confirms that Vasakronan’s EuGB comply with ICMA’s Green Bond Principles, the market standard for other green bonds.

In line with existing reporting for green financing, Vasakronan will publish an annual report detailing the allocation of proceeds (Allocation Report) and the environmental impact (Impact Report) of the projects financed through European Green Bonds.

A prerequisite for issuing green commercial paper and green bonds is that clear guidelines are in place for what is defined as a green asset.

Therefore, Vasakronan has drawn up a framework for green financing, the Vasakronan Green Finance Framework, which describes the investments that lead to lower energy consumption and lower climate impact, and which therefore qualify for financing with Green Finance Instruments.

The framework encompasses all debt instruments with funds earmarked for green investments.