Gothenburg, Sweden, September 6, 2022 /PRNewswire/ — In 2016, Castellum issued its first green Corporate Medium Term Note (MTN). In recent years, the demand for green MTNs has increased. Castellum is now launching an updated framework with even stricter sustainability requirements.
Castellum believes that sustainability is a prerequisite for economic growth. As a major long-term player in the industry, promoting the development of a sustainable society is a natural part of our work.
Funding via green bond issuance under our MTN and Euro MTN (EMTN) programs is an opportunity for investors to bring capital to some of our most sustainable projects and properties. The terms and conditions for green MTNs issued are the same as those applicable to other bonds issued under Castellum’s MTN and EMTN programs, with the key difference being that green MTN proceeds can only be allocated to projects and assets that are under qualify the green framework of Castellum.
“We are seeing a clear demand for green MTNs and that this is leading us to lower financing costs over time. With our strict sustainability requirements, our bond investors can be sure that the selected projects genuinely support the transition to a more sustainable society.” says Jens AndersonCFO of Castellum AB.
The updated framework has been aligned with the 2021 ICMA Green Bond Principles and the EU taxonomy. Castellum has partnered with merchant banks to develop the framework for green MTNs. Castellum also commissioned research firm Cicero Shades of Green to provide an independent assessment of Castellum’s sustainability initiatives and the level of sophistication of the frame. The general consensus is that Castellum’s governance of its sustainability initiatives is excellent and that the framework has been awarded Cicero’s Medium Green shading. The framework, second opinion and updated MTN program are all available on Castellum’s website.
For more information please contact:
Jens AndersonTreasurer Castellum AB, +46 76-855 67 02
Philip EllandChief Sustainability Officer Castellum AB, +46 70-320 63 26
Castellum is one of the largest listed real estate companies in Scandinavia, developing flexible workspaces and intelligent logistics solutions. away June 30, 2022the real estate value was approx 185 billion SEK, including the ownership interest of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become completely carbon neutral by 2030 at the latest. Castellum is the only Nordic real estate and construction company to be included in the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.
This information was provided to you by Cision http://news.cision.com
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