Investor relations

Green Bonds

Corporate

Financial Reports

Sustainability

Four green bonds for sustainable investments

The Stena Metall Group has issued in total four Green Bonds, of which two are currently active. All bonds are connected to the Group’s Green Bond framework, which is ranked “dark green” by the independent analysis institute S&P Global Ratings.

The Green Bonds offer opportunities to invest in projects with a clear sustainability profile. The funds are targeted to finance and refinance projects within the Stena Metall Group that contribute to strengthening the circular transition and ambitious sustainability agenda. The eligible investments under the Green Bond framework will be followed up and the Green Bond reports will be published yearly on this website.

Stena Metall's Green Bond framework

Stena Metall published an updated Green Bond framework in April 2025. The framework outlines the criteria for the types of investments that can be funded by the green bonds. It is based on the ICMA Green Bond Principles and has been reviewed by S&P Global Ratings, who provided a Second Party Opinion. The three eligible investment categories—Circular Economy, Clean Transportation, and Renewable Energy—all received a Dark Green rating from S&P. The allocation of funds is restricted to the Stena Recycling companies and is directed towards investments that clearly support the transition to a more circular economy while also striving to reduce the climate footprint of our operations.

The Green Bond Framework

GREEN BOND 2025–2030

The Green Bond issued in May 2025, of SEK 1 billion, under the new Green Bond framework will be used to finance and refinance projects within the Group that aims to facilitate the transition to a more circular economy.

The bond will be used for projects with a clear environmental benefit, specifically projects which contribute to increased circularity, moving more material upwards the waste hierarchy, or otherwise contribute to reducing the organization's climate footprint.

Eligible investment projects in accordance with the green framework are limited to projects within the Stena Recycling companies. The allocation will mainly be dedicated to investments in existing facilities or to acquisitions, in both cases with the aim to strengthen the capacity for circular processes and improved recycling rates.

Prospectus bond loan 2025-2030

Securities note

Registration Document

Investor presentation

Dark green rating by S&P Global Ratings

Stena Metall updated the Green Bond framework in April 2025. The updated framework received a dark green rating by the rating-institute S&P Global Rating. Extract of the summary:

“Based on the project category shadings detailed below, and consideration of environmental ambitions and governance structure reflected in Stena Metall's Green Bond framework, we rate the framework S&P Global Ratings dark green./…/ Stena Metall plays an important role in improving the carbon footprint of industries through its business model of supplying these with recycled raw materials /…/ The company has a clear sustainability profile and forward-looking ambitions.”

the full S&P Global rating second opinion 2025

GREEN BOND 2023–2028

The 2023-2028 Green Bond was a refinancing of the 2018-2023 Green Bond, which was widely considered to be the world's first circularity themed Green Bond. The issued amount was SEK 1 billion and will be used to finance and refinance projects within the Group that aims to facilitate the transition to a more circular economy, more specifically Stena Recycling’s flagship facility Stena Nordic Recycling Center in Halmstad, Sweden.