Second-Party Opinion Download

USE OF PROCEEDS

The eligible categories for the use of proceeds – Green Buildings, Energy Efficiency, Renewable Energy, and Clean Transportation – are aligned with those recognized by the Green Bond Principles and the Green Loan Principles. Sustainalytics considers that investments in the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDGs 7, 9, and 11.

PROJECT EVALUATION AND SELECTION

Bonnier Fastigheter’s Green Finance Committee will be responsible for project or asset evaluation and selection in accordance with the eligibility criteria of the Framework. Bonnier Fastigheter has internal policies to identify and mitigate environmental and social risks associated with projects and activities that may be financed under the Framework. Sustainalytics considers these risk management systems and the processes for project selection to be in line with market practice.

MANAGEMENT OF PROCEEDS

Bonnier Fastigheter’s Group Treasury will be responsible for the management and allocation of net proceeds and will track the proceeds according to a portfolio approach using a green register. Bonnier Fastigheter intends to fully allocate proceeds within 36 months from issuance. Pending full allocation, proceeds will be managed by the Group Treasury and temporarily placed in Bonnier Fastigheter’s liquidity reserves subject to the Framework’s exclusionary criteria. This is in line with market practice.

REPORTING

Bonnier Fastigheter will report on allocation and impacts of proceeds publicly on its website on an annual basis until full allocation under its Green Finance Impact Report for green bonds and commercial papers, and report directly and non-publicly to the lenders for the green loans. Allocation reporting will include a summary of the portfolio of projects, outstanding amount of green debt issued, total proportion of net proceeds used to finance and refinance projects. Sustainalytics views Bonnier Fastigheter’s allocation and impact reporting as aligned with market practice.