Introduction to Akropolis Group's Green Finance Initiative
Akropolis Group has recently introduced a Green Finance Framework, taking a significant step towards aligning its financial strategies with sustainability objectives. This innovative Framework is designed to create a tighter bond between the company's commitment to environmental responsibility and its financial activities. It opens up new avenues for financing or refinancing projects that meet specific sustainability criteria, particularly emphasizing green buildings and eco-friendly developments.
Framework Details and Sustainability Criteria
The Green Finance Framework delineates clear requirements for the projects that qualify for financing or refinancing. For example, any buildings involved must achieve at least a “Very Good” rating according to the esteemed BREEAM sustainability standard or rank among the top 15% of the most energy-efficient buildings nationally. This criterion ensures that funded projects not only contribute beneficially to the environment but also adhere to recognized sustainability standards.
Alignment with International Standards
Developed in line with the best international practices, the Framework complies with the Green Bond Principles (2021), incorporating updates from June 2022, as well as the Green Loan Principles (2023). Sustainalytics, a highly regarded provider of ESG research and ratings, evaluated the Framework. Their positive Second Party Opinion (SPO) attests to the Framework's credibility and its alignment with industry standards, underlining its significance in the realm of sustainable finance.
Sustainable Investments and Project Financing
By launching this Framework, Akropolis Group aims to deepen the integration of sustainability into its financial operations through the use of Green Finance Instruments. These instruments will help the company effectively finance eco-friendly projects while providing increased transparency for investors and stakeholders. The initiative resonates with the goals set for future sustainability plans, particularly those targeting milestones that the Group hopes to achieve in the near future.
Statements from Leadership
Gabriel? Sapon, the CEO of Akropolis Group, emphasized the importance of sustainability in the company’s strategic vision. She stated, “Sustainability remains one of our key strategic priorities. We can now integrate sustainability objectives into our activities even more, through involvement of Green Finance Instruments for project financing. This will help us seek the sustainability goals that the Group set.” Sapon's remarks highlight the group's commitment to broadening its investor base and enhancing its contributions to sustainable development.
Contact Information
For those seeking further information about the Green Finance Framework or Akropolis Group's sustainability initiatives, the following contact details are provided:
Dominykas Mertinas
Head of Marketing and Communications
AKROPOLIS GROUP, UAB
+370 64027001
dominykas.mertinas@akropolis.lt
Frequently Asked Questions
What is the purpose of the Green Finance Framework?
The Green Finance Framework aims to link Akropolis Group’s financial activities with sustainability objectives through financing eco-friendly projects.
What types of projects qualify for financing under this Framework?
Eligible projects include green buildings that meet specific sustainability standards, such as achieving at least a “Very Good” BREEAM rating.
Who evaluated the Green Finance Framework?
Sustainalytics conducted the evaluation and provided a positive Second Party Opinion confirming the Framework's credibility and impact.
How does the Framework help investors?
The Framework enhances transparency for funded projects, allowing investors to understand how their contributions support sustainable development.
Who can I contact for more information about this initiative?
For any inquiries, you can reach out to Dominykas Mertinas at AKROPOLIS GROUP through the provided contact details.
