Odd Molly International AB (publ) (“Odd Molly”) establishes a Green Finance Framework (the “Framework”) that enables the company to issue, among other things, green bonds. The purpose is to be able to finance and refinance green and energy efficient buildings and energy efficiency through e.g. solar panels. The Framework is established in accordance with the Green Bond Principles and Green Loan Principles. ISS ESG has conducted an independent review of the Framework.
Odd Molly establishes a Green Finance Framework that enables the company to issue, among other things, green bonds. The aim is to be able to finance and refinance all new constructions, existing and major renovations of buildings and energy efficiency through e.g. solar panels. The establishment of the Framework, with a focus on green and energy efficient buildings, is a natural next step in Odd Molly’s sustainability work, which also includes a focus on sustainable finance.
The Framework for green financing has been established in accordance with the Green Bond Principles, developed by the ICMA (International Capital Markets Association) and the Green Loan Principles, developed by the LMA (Loan Market Association).
An external review of the Framework has been carried out by an independent third party; ISS ESG, which has made the assessment that the Framework, as well as related governance documents and reporting standards, supports, among other things, the UN Sustainable Development Goals; 7 ‘Sustainable Energy Use’, 11 ‘Sustainable Buildings and Cities’ and 13 ‘Climate action’.
Sustainability, with a focus on reducing carbon dioxide emissions through energy-efficient buildings, is an integral part of our long-term business strategy. Establishing a Green Finance Framework is therefore a natural step in our continued realization of the company’s business plan, says Tobias Lövstedt, COO of Odd Molly International AB.
Odd Molly’s current eligible green assets amount to approximately 670 MSEK, including the company’s projects in Vaggeryd, Kungsbacka, Kungälv, the expansion in Viared, Borås, energy efficient solutions and investments in solar panels are included.
Odd Molly commits to regular reporting of underlying green eligible assets. A report will be published annually on the company’s website.
The company’s Framework together with its review of ISS ESG is available on the company’s website www.oddmolly.com.
Swedbank AB (publ) acted as advisor in the establishment of the company’s Framework.