Kaldalón hf. Introduces Green Financing Framework
Kaldalón has launched a new framework for green financing, which will allow the issuance of green bonds (Green Financing Framework). This initiative aims to fund or refinance properties that are environmentally certified, as well as eco-friendly investments and projects that align with the company’s strategic goals.
To qualify for funding through these green bonds, projects must meet the criteria outlined in the company’s framework, which follows international standards set by the Green Bond Principles from the International Capital Market Association (ICMA). The framework is based on the following key pillars:
- Allocation of funds
- Project evaluation and selection process
- Management of funds
- Information disclosure
This framework has been certified by Sustainalytics, a leading global verification organization. This certification confirms that Kaldalón hf.'s framework is credible, effective, and in line with the ICMA standards mentioned above.
The green framework was developed in partnership with Landsbankinn.
Both the green framework and the Sustainalytics report can be found on Kaldalón's official website.
Jón Þór Gunnarson, CEO
“Today, Kaldalón is excited to announce the launch of its green financing framework. In 2023, the company issued its first base prospectus for a bond and note issuance program worth 30 billion. Now, we are introducing our first green financing framework, which will pave the way for the issuance of green bonds in the market.
Green bonds are an integral part of our financing strategy aimed at supporting environmentally friendly investments, including certified properties. This initiative aligns perfectly with Kaldalón's commitment to environmental protection and sustainability.”
For further details, please reach out to:
Jón Þór Gunnarsson, CEO
kaldalon@kaldalon.is
Frequently Asked Questions
1. What is the purpose of Kaldalón's Green Financing Framework?
The framework is designed to facilitate the issuance of green bonds, which will finance or refinance projects and investments that are environmentally friendly.
2. Who certified Kaldalón's Green Financing Framework?
Sustainalytics, a well-known global verification provider, has certified the framework.
3. What types of projects can be funded through green bonds?
Projects that can be funded include those that are environmentally certified and eco-friendly investments that meet the criteria of the framework.
4. What are the international standards that Kaldalón's framework adheres to?
Kaldalón's framework complies with the Green Bond Principles set by the International Capital Market Association (ICMA).
5. How can I learn more about Kaldalón's green financing initiatives?
For additional information, you can contact Jón Þór Gunnarsson, CEO, at kaldalon@kaldalon.is.
