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Gränges publishes Green and Sustainability-Linked Finance Frameworks and updated MTN Prospectus
To support Gränges’ sustainability ambitions and pathway to net-zero, the company has published a Green Finance Framework and a Sustainability-Linked Finance Framework to allow for the issuance of Green Bonds and Sustainability-Linked Bonds. Gränges has engaged Sustainalytics to provide an independent second party opinion of the frameworks’ alignment with market principles and ambition level.
“Sustainability leadership is an essential part of our strategy, touching all parts of our business, and we are proud to be at the forefront of our industry. The Green and Sustainability-Linked Finance Frameworks give investors the opportunity to support our ambition and the transition towards a green aluminium industry”, says Oskar Hellström, CFO and Deputy CEO at Gränges AB.
To prepare for the possibility to issue an MTN (Medium Term Note) according to Green Bond and Sustainability-Linked Bond Principles, Gränges has updated the MTN prospectus, originally published in 2018. The MTN program has a framework amount of SEK 3 billion and allows for issuance in SEK and EUR. The Swedish Financial Supervisory Authority (SFSA/Finansinspektionen) has today approved and registered the prospectus.
The Green Finance Framework and the Sustainability-Linked Finance Framework, as well as the second party opinion from Sustainalytics are available on Gränges’ website, www.granges.com/investors/credit-market/.
The MTN prospectus is available on Gränges’ website, www.granges.com/investors/credit-market/ and on SFSA’s website, www.fi.se.
About Sustainability-Linked Bonds and Green Bonds
Sustainability-Linked Bonds are linked to the company’s overarching sustainability goals and plans, whereas Green Bonds foremost are linked to specific sustainability-related projects.
