Peab has today published an investor report on the green bonds that the company issued in the autumn of 2021. The report describes the projects financed through the bonds and how the assets have been allocated to them.
Peab issued bonds for a total value of 1.5 billion Swedish kronor: 1 billion Swedish kronor with a maturity of 3 years and 500 million Swedish kronor with a maturity of 5 years. Funds from the issue have been used to finance investments in green and energy efficient buildings, ECO products and a more environmentally adapted production, green transportation and water and waste management.
“Issuing green bonds is an important part our work to transform our business into being climate neutral. They give the capital market the opportunity to invest in concrete projects that contribute to the climate transition,” says Niclas Winkvist, CFO of Peab.
The green bonds were issued within the framework of Peab’s Swedish MTN program and the newly instituted Green Finance Framework from 2021. The framework has been audited by the independent company CICERO Shades of Green which rates it as “medium green”.
Peab has adopted two sub-targets on the road to achieving our ultimate goal of climate neutrality in 2045. One is to reduce carbon dioxide intensity from our own production 60 percent by 2030 and the other is to reduce carbon dioxide intensity from input goods and purchased services 50 percent by 2030.
The investor report is available at peab.se and peab.com.
Peab is the Nordic Community Builder with 15,000 employees and net sales of SEK 61 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it’s lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.