GREEN BOND 2018 – 2023
The Stena Metall Group issued its first green bond on May 23, 2018. The amount was SEK 800 million, with a term of five years. The net proceeds for this bond have been exclusively used for investments at the Stena Nordic Recycling Center, one of Europe's most advanced and efficient recycling facilities. Stena Metall's first Green Bond framework for the 2018- 2023 bond states that the sole use of proceeds for this bond is to finance and refinance expenditure and future investments at the Stena Nordic Recycling Center.
At the Stena Nordic Recycling Center the materials that are most difficult to recycle are taken care of, more efficiently than ever before. Resources that were previously lost can now be used to manufacture new products, or to provide energy for the industry. Thanks to the large quantities of raw materials that are returned into circulation, this facility makes a vital contribution to the circular economy and a more sustainable society. Recycling also helps to reduce large amounts of carbon dioxide emissions. This innovative plant takes recycling all the way from end-of-life products to high quality recycled raw materials making Stena Nordic Recycling Center a game changer in recycling. At the same time it plays an important role in the circular economy. Stena Nordic Recycling Center has also established itself as a meeting spot for collaboration projects of different kinds, which is called Stena Recycling Lab. Ongoing projects at Stena Nordic Recyling Center include the building of a new aluminium processing facility at SNRC to better meet the high demand for recycled aluminium from the industry, and to invest in a completely new recycling process for batteries following the growth in sales of electric vehicles.
Green Bond 2018 - 2023 Framework
Prospectus bond loan 2018-2023