Second-Party Opinion Download

Electrolux Professional Group has developed the Electrolux Professional Group Green Finance Framework, dated May 2025, under which it intends to issue green notes, bonds, commercial papers or Schuldschein instruments and obtain green loans to fund projects in four environmental categories. We have assessed the Sustainability Contribution of the Framework as Strong, based on the average Sustainability Contribution of the Framework’s four use of proceeds categories. As per our methodology, we have applied equal weighting across categories. 

The Group intends to finance the manufacture of professional appliances that are at least 20% more energy efficient than a baseline defined by the latest technologies in the market. While these investments cover the full cost of manufacturing, they still make a significant contribution to reducing the energy consumption of professional appliances given the performance improvement threshold and credible baseline.

The Group also intends to finance low carbon electricity generation and heating solutions, with solar and wind power expected to contribute strongly to decarbonizing the Group’s energy mix given their low GHG emissions intensities compared to the technology-agnostic threshold of 100 gCO2e/kWh. For district heating, more than 50% of the distributed heat is waste heat. Expenditures on geothermal and ground source heat pumps are not subject to a specified limit for the refrigerant’s GWP. Overall, these investments will nonetheless make a strong contribution to decarbonizing the energy mix. In addition, investments in technologies dedicated to improving energy efficiency and the electrification of the Group’s manufacturing processes will strongly contribute to the decarbonization of its operations.

The Group’s investments in climate change adaptation, including building retrofits, product remodeling and nature-based solutions, can be expected to make a strong contribution to its operational resilience against the adverse effects of climate change.

We have assessed the Framework as Aligned with the Green Bond Principles 2021 and Green Loan Principles 2025.