Trelleborg Group has for the first time issued a Green Bond. The nominal amount of the bond is SEK 1,000 M. It will finance projects that continue to support and develop the Group’s ongoing and future energy efficiency initiatives in production and administration. Issued in line with the Group’s recently launched Green Finance Framework, the Green Bond contributes to the fulfillment of Trelleborg’s climate target. The climate target, ‘50 by 25’, means the Group will reduce its CO₂ emissions by 50 percent relative to sales by 2025, combined with the vision of net zero emissions by the end of 2035.
“We have many green investments in the pipeline across Trelleborg Group. These include, for example, the transition of our local infrastructure for energy supply toward more renewables, and further development of our sustainable products and solutions. It is therefore very positive that we can now present a broadened investor base with the issue of a Green Bond,” says Fredrik Nilsson, CFO of Trelleborg Group.
The nominal amount is SEK 1,000 M with a tenor of 5,5 years. The Green Finance Framework has been reviewed by Sustainalytics and the transaction was conducted with SEB as sole Bookrunner.