Sanoma Introduces an Innovative Social Bond Framework
Sanoma Corporation has proudly launched its Social Bond Framework, a significant initiative aimed at issuing social bonds in various formats, including both public and private placements. The funds raised through these bonds will focus on financing or refinancing projects that enhance access to essential educational services. This innovative Framework is closely aligned with Sanoma's broader Sustainability Strategy and its long-term financial objectives.
Making Education Accessible for Everyone
Education is a fundamental human right and a key driver of sustainable development. It empowers individuals with knowledge, builds skills, and fosters confidence, ultimately opening doors for children and communities. As a leading player in the European K12 education sector, Sanoma is committed to ensuring that all students have equal access to education, especially during this time of ongoing digital transformation.
Impact on Students and Communities
With its wide array of products and services, Sanoma supports teachers and schools in nurturing the talents of around 25 million students, helping them reach their full potential. Alex Green, CFO of Sanoma, stated, "The Framework is a remarkable result of our dedicated sustainability efforts and reinforces our commitment to advancing the UN Sustainable Development Goals, particularly Goal 4, which focuses on Quality Education. This Framework not only demonstrates our dedication but also provides investors with the opportunity to support equal access to education."
Complying with International Standards
The Social Bond Framework was developed in line with the International Capital Market Association’s (ICMA) Social Bond Principles 2023, ensuring that it meets high standards for governance and reporting. This commitment enhances transparency regarding Sanoma's financial activities and their impact on education.
Validation and Support
To further substantiate its efforts, ISS-Corporate has issued a Second Party Opinion confirming Sanoma’s alignment with the ICMA Social Bond Principles 2023. This endorsement assures investors that the Framework will positively contribute to the advancement of UN Sustainable Development Goal 4, which emphasizes Quality Education, aligning seamlessly with Sanoma's sustainability initiatives.
Guided by Expertise
In creating this substantial Framework, Sanoma received valuable guidance from Swedbank, which acted as an advisor throughout the process. This collaboration underscores the importance of financial expertise in launching impactful initiatives.
Access to Additional Information
Information about the Framework and the Second Party Opinion is readily available, showcasing Sanoma's commitment to maintaining open communication with stakeholders and investors. This transparency is vital for building trust and nurturing relationships within the investment community.
Commitment to Learning and Innovation
As a dynamic learning and media company, Sanoma significantly influences millions of lives every day. The company’s Sustainability Strategy is thoughtfully designed to maximize its positive societal impact—referred to as a 'brainprint'—while minimizing its environmental footprint. Sanoma remains dedicated to the UN Sustainable Development Goals and is a signatory to the UN Global Compact.
Focus on Growth
Sanoma's educational products and services are crafted to unlock the potential of every child, empowering educators across the entire educational spectrum. By offering both printed and digital resources, along with innovative teaching platforms for primary, secondary, and vocational education, Sanoma aims to expand its business while making a lasting impact.
Company Overview
Operating in twelve European countries and employing over 5,000 professionals, Sanoma has positioned itself as a leader in the media and education sectors. The company generates substantial revenue, with net sales reaching approximately 1.4 billion euros in the last fiscal year and an operational EBIT margin of 12.6%. As a publicly traded entity, Sanoma's shares are listed on Nasdaq Helsinki, allowing investors to stay updated on its financial performance and strategic initiatives.
Frequently Asked Questions
What is the purpose of Sanoma's Social Bond Framework?
The Social Bond Framework is designed to raise funds that will enhance access to essential educational services.
How does Sanoma ensure transparency in their fundraising?
Sanoma adheres to rigorous governance and reporting standards, following the ICMA Social Bond Principles 2023.
What impact does Sanoma aim to assert through its initiatives?
Sanoma aims to contribute significantly to the UN Sustainable Development Goal 4, which focuses on Quality Education for all.
Who validated the Framework's alignment with social bond principles?
ISS-Corporate provided a Second Party Opinion, confirming the Framework's adherence to the ICMA standards.
How large is Sanoma's workforce and its operational scale?
Sanoma operates in twelve European countries with over 5,000 professionals and significant annual revenue.
