Serneke launches framework for green bonds

“For the company, this is another step on the way to an increased focus on sustainability and it also demonstrates that we are involved and actively contribute to the development in the area”, says Anders Düring, CFO of Serneke Group.

The proceeds from the future green bonds will be used to finance projects that have been assessed by Serneke in accordance with the green framework. Projects include both housing and commercial premises that are environmentally certified* and achieve 20 percent better energy efficiency than required by the regulations issued by the National Board of Housing, Building and Planning. The framework applies both for projects developed in-house as well as to construction performed by external clients.

The framework has undergone an independent external assessment by CICERO Shades of Green, being awarded the overall rating Light Green. The framework will be updated every third year. Serneke’s objective is to achieve a higher rating in connection with the next update.

The green framework has been developed in cooperation with Nordea and was designed in line with the Green Bond Principles industry standards, which are administrated by the International Capital Markets Association (ICMA).

* Environmental building (level Silver minimum), LEED (level Gold minimum), BREEAM-SE (level Very Good minimum), Nordic Swan Ecolabel