ESG and Green Bonds
Bonds based on sustainable forestry
Landshypotek Bank has financed Swedish farming and forestry since 1836. Over the last couple of years the bank has launched savings products for the general public as well as a new residential mortgage loan for home owners. With this Green Bond Framework Landshypotek Bank takes a new step in its journey. Landshypotek Bank’s Green Bond Framework is based on sustainable forestry, renewable energy and energy efficient buildings.
Green bonds based on sustainable forestry
Landshypotek Bank has issued green bonds, with a total volume of 11,5bn SEK. Both bonds are covered bonds and are financing a sustainable forestry.
The Swedish sustainable forestry reduces carbon emissions every day and preserves biodiversity at the same time as contributes with wood based products and replace fossil materials.
The first of the bonds, issued in 2018, where historical in more than one way. It was at the time of the issuance the world´s first Green Covered Bond in SEK based on sustainable forestry. It also qualified as the largest Green Covered Bond in SEK at the time, with the issued size of 5,25 bn SEK.
Landshypotek Bank Green Bond Framework
Landshypotek Bank Green Bond Framework is aligned with the Green Bond Principles. Landshypotek Bank has obtained an independent second opinion from CICERO (Center for International Climate and Environmental Research – Oslo) on the Green Bond Framework and policies for considering the environmental impacts of their projects. Based on the assessment of the project types, policies, goals and reporting standards, Landshypotek Bank Green Bond Framework has received a Dark Green shading by CICERO.
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