Diös implements the first funding framework compliant with the EU taxonomy for sustainable activities and the European Green Bond Standard

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STERSUND, Sweden, November 8, 2021 / PRNewswire / – As the first company in the world to do so, Diös updates its green finance framework to comply with the current EU taxonomy for sustainable activities and the European standard on proposed green bonds by the European Commission. Real estate assets and initiatives meeting the requirements of the framework will be financed by bonds, commercial paper and green bank loans.

“We’ve been working in this area and learning the regulations for quite some time now, and it felt natural to update our green financial framework to comply with the new requirements. , but the financial framework is more about our own efforts to stay ahead of the curve and take responsibility for running a long-term sustainable business, ”says Johanna olofsson, responsible for sustainable development.

The offer is tailored to the proposed requirements and allows the issuance of European Green Bonds, European Green Commercial Papers and European Green Loans after an external review, conducted by an accredited examiner, in accordance with the European Standard on green bonds, is available. Our ultimate ambition is that bonds issued in this context before such an external review is possible be reclassified retroactively.

The criteria determining the fundable assets and the initiatives in the framework follow the EU taxonomy in the areas of “Construction and real estate activities”, “Energy” and “Transport”, as well as the objectives “Climate mitigation” and “Climate adaptation”. In addition to these criteria, additional requirements, but voluntary, which go beyond this buildings.

“We believe that the climate crisis is the most serious threat facing society today and the most urgent of the United Nations Sustainable Development Goals. The climate crisis is not only about climate change, but also about financial crises related to drought-affected areas, production, sea level rise, mass migration, etc., and the impact this will have on people. financial and social factors of our territories, our cities, our country and the whole world. It is crucial that Diö’s activities contribute to a more sustainable future, “says Rolf larsson, CFO.

The green financial framework has been reviewed by the independent analysis institute CICERO Shades of Green and received an overall rating of Medium Green. Governance and reporting received the highest rating: Excellent.

Bond offer
Diös commissioned Handelsbanken to assess the conditions for issuing an unsecured green bond loan under the new green financial framework. Subject to prevailing market conditions, a capital market transaction may ensue.

Presentation
Diös instructed Handelsbanken to organize investor presentations on November 10.

Framework and second opinion
The entire framework and the second opinion issued by CICERO Shades of Green are available on the Diö website: https://investors.dios.se/English/financing/green-financing/

Handelsbanken was a green structuring advisor for Diös in the development of the green financial framework.

For more details, please contact:

Rolf larsson, CFO, Diös
Phone. : +46 (0) 10-470 95 03
E-mail: [email protected]

Johanna olofsson, responsible for sustainable development, Diös
Phone. : +46 (0) 10-470 95 64
E-mail: [email protected]

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SOURCE Diös Fastigheter


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