“The updated green financing framework is aligned with Balder’s focus on an increased share of green financing,” says Ewa Wassberg, Head of Finance at Balder.

Balder’s green financing framework has been developed together with Handelsbanken and is based on ICMA´s Green Bond Principles 2021 with an adaptation to the EU Taxonomy. Moreover, the framework is connected to Balder’s ambition to contribute to the goals of the Agenda 2030. Cicero Shades of Green issued a second opinion on the Framework and assigned it an overall rating of “Medium Green”.

The framework establishes conditions for managing funds, follow-up, and reporting back to lenders and investors. Balder will publish a Green Bond Impact Report annually containing a description of how the funds have been used.