Wallenstam launches framework for green financing

Wallenstam has established a revised framework for green financing in collaboration with Handelsbanken. The framework has been reviewed by S&P Global Ratings and received a Medium Green rating.

The framework describes what types of projects and assets can be financed using green bonds and commercial paper, for example renewable energy such as wind turbines and solar cells as well as green properties.

“We currently have green bonds of SEK 2 billion linked to our wind turbines and some of our green properties. Wallenstam has historically had, and will continue to have, a low proportion of bond financing since the majority of our property operations are financed through banks. At the same time, we are very happy to finance through the capital market when the right opportunity and conditions arise,” says Hans Wallenstam, CEO.

The framework has been reviewed by the independent research and analysis provider S&P Global Ratings, which in its second party opinion has given Wallenstam’s framework a Medium Green rating.

More information about Wallenstam’s green financing is available at www.wallenstam.se/greenbonds.

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 70 billion and the customer base consists of around 12,800 households and 1,000 enterprises. The total lettable area is around 1.4 million sq m. Wallenstam is self-sufficient in renewable electrical energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

For further information, please contact:
Susann Linde, Vice CEO and CFO Wallenstam AB, tel. +46 705 17 11 34

www.wallenstam.se

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