Kaldalón hf. Introduces Green Financing Framework for Bonds
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Kaldalón hf. Introduces Green Financing Framework
Kaldalón has unveiled a framework for green financing, enabling the issuance of green bonds (Green Financing Framework). The goal of this framework is to finance or refinance environmentally certified properties, eco-friendly investments, and other projects in alignment with the company's strategy.
The projects eligible for funding through green bonds must meet the criteria set forth in the company's framework, which adheres to international standards established by the Green Bond Principles from the International Capital Market Association (ICMA), based on the following pillars:
- Allocation of funds
- Project evaluation and selection process
- Management of funds
- Information disclosure
This framework has received certification from Sustainalytics, a leading global verification entity. The certification affirms that Kaldalón hf.'s framework is credible, effective, and aligns with the aforementioned ICMA standards.
The green framework was developed in collaboration with Landsbankinn.
Both the green framework and the Sustainalytics report are available on the official website of Kaldalón.
Jón Þór Gunnarson, CEO
“Today, Kaldalón announces the launch of its green financing framework. In 2023, the company issued its first base prospectus for a 30 billion bond and note issuance program. Today, the company issues its first green financing framework and will subsequently issue green bonds on the market.
Green bonds are part of our financing strategy for environmentally friendly investments such as certified properties. This issuance aligns with Kaldalón's goals for environmental protection and sustainability.”
For more information, please contact:
Jón Þór Gunnarsson, CEO
kaldalon@kaldalon.is
Frequently Asked Questions
1. What is the purpose of Kaldalón's Green Financing Framework?
The framework aims to enable the issuance of green bonds to finance or refinance environmentally friendly projects and investments.
2. Who certified Kaldalón's Green Financing Framework?
The framework has been certified by Sustainalytics, a recognized global verification provider.
3. What types of projects can be funded through green bonds?
Eligible projects include environmentally certified properties and eco-friendly investments that comply with the framework's criteria.
4. What are the international standards that Kaldalón's framework adheres to?
Kaldalón's framework adheres to the Green Bond Principles established by the International Capital Market Association (ICMA).
5. How can I learn more about Kaldalón's green financing initiatives?
For more information, you can contact Jón Þór Gunnarsson, CEO, at kaldalon@kaldalon.is.
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