When Stena Metall Group issued its second green bond with “Dark Green” rating on 27 April it attracted a solid interest from investors. The amount was SEK 1 billion and the maturity was five years. The money is targeted for sustainable investments in Stena Recycling, Stena Aluminium and other circular projects within Stena Metall.
This is the second time the Stena Metall Group has issued a green corporate bond. The aim is to finance and refinance new projects within Stena Metall, all of which will contribute to strengthening the ambitious sustainability agenda and the circular transition.
“Stena Recycling has a leading position through our operations in several countries and close cooperation with our more than 100,000 customers. Through continued investments in circular technologies, investments in research and development, and exciting collaborative projects with our customers, we will continue to drive the development of circular solutions, says Kristofer Sundsgård,” CEO of Stena Recycling.
Making the most of resources is something that is deeply rooted in Stena Metall's operations
“The circular transition is important to meet both the climate challenges and the increased demand for resources. Our green framework focuses on projects aimed at further developing our circular processes. The framework has been reviewed by the independent analysis institute Cicero, which gives it the highest rating of "Dark Green". This rating is given to projects and solutions that corresponds to the long-term vision of a low carbon and climate resilient future,” says Stena Metall's Sustainability Manager Anna Sundell.
Many investors have a green and sustainable profile and are attracted to sustainable investments.
“It is gratifying that with this bond we are fulfilling a need that the market is demanding, continuing to broaden our investor base and consolidating Stena Metall's strong position in the Nordic bond market," says Peter Gustafsson, MD Stena Metall Finans.
For more information, please contact Jesper Waltersson, Head of Corporate Communications, +46 705 11 26 70.