Sanoma Unveils a Groundbreaking Social Bond Framework
Sanoma Corporation has proudly established its Social Bond Framework, a significant move aimed at issuing social bonds across various formats, including both public and private placements. The funds raised through these bonds will focus on financing or refinancing projects dedicated to improving access to essential educational services. This innovative Framework aligns closely with Sanoma's overarching Sustainability Strategy and its long-term financing goals.
Empowering Education for All
Education is a fundamental human right and is crucial for achieving sustainable development. It equips individuals with knowledge, fosters capacities, and instills confidence, ultimately creating new opportunities for children and communities alike. As a prominent player in the European K12 education sector, Sanoma is dedicated to ensuring equal access to education for all students, particularly during this period of ongoing digital transformation.
Impact on Students and Communities
Through its diverse range of products and services, Sanoma empowers teachers and schools to nurture the talents of approximately 25 million students, enabling them to realize their full potential. According to Alex Green, CFO of Sanoma, "The Framework is an impressive outcome of our dedicated sustainability efforts and reinforces our commitment to impacting the UN Sustainable Development Goals, especially Goal 4, which emphasizes Quality Education. This Framework not only showcases our dedication but also offers investors an opportunity to support equal access to education."
Aligning with International Standards
The Social Bond Framework was developed in accordance with the International Capital Market Association’s (ICMA) Social Bond Principles 2023, ensuring rigorous standards for governance and reporting. By doing so, Sanoma commits to enhancing transparency regarding its financial activities and their impact on education.
Validation and Support
To further validate its efforts, ISS-Corporate has provided a Second Party Opinion that confirms Sanoma’s commitment to the ICMA Social Bond Principles 2023. This endorsement assures investors that the Framework will positively contribute to the advancement of the UN Sustainable Development Goal 4, which focuses on Quality Education, aligning perfectly with Sanoma's sustainability initiatives.
Guided by Expertise
In establishing this substantial Framework, Sanoma benefited from the guidance of Swedbank, which served as an advisor throughout the process. This collaboration highlights the importance of having financial expertise when embarking on such impactful initiatives.
Access to More Information
Details regarding the Framework and the Second Party Opinion can be easily accessed, further proving Sanoma's commitment to open dialogue with stakeholders and investors. This transparency is crucial for building trust and fostering relationships within the investment community.
Learning and Innovation
As a dynamic and adaptive learning and media company, Sanoma significantly impacts millions of people daily. The company’s Sustainability Strategy is carefully crafted to maximize its positive impact—referred to as a 'brainprint'—on society while minimizing the environmental footprint. Sanoma remains committed to the UN Sustainable Development Goals and serves as a signatory to the UN Global Compact.
Dedication to Growth
Sanoma's learning products and services are designed to harness the potential of every child, empowering teachers across the educational spectrum. By providing both printed and digital resources, alongside innovative teaching platforms for primary, secondary, and vocational education, Sanoma aims to grow its business and make a lasting impact.
Company Overview
With operations spanning twelve European countries and a dedicated workforce of over 5,000 professionals, Sanoma has established itself as a leader in the media and education sectors. The company generates significant revenue, with net sales reaching approximately 1.4 billion euros in the recent fiscal year and an operational EBIT margin of 12.6%. As a publicly traded company, Sanoma shares are listed on Nasdaq Helsinki, where investors can stay informed about its financial health 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.
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