Project Details
Project
Gränges Green and Sustainability-Linked Finance Framework Second-Party Opinion (2021)
Client
Gränges
Project Type
Green Bond/Loan; Sustainability Linked Bond or Note;
Industry Group
-
Use of Proceeds
-
Location
Sweden
Evaluation Date
Sep 2021
Evaluation Summary
Use of Proceeds Instruments
Green Bond Principles 2021 and Green Loan Principles 2021
Sustainalytics is of the opinion that the Gränges Green and Sustainability-Linked Finance Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2021 (the “Use of Proceeds Principles”). The eligible categories for the use of proceeds — Sustainable Aluminium Production and Solutions, Energy Intensity, Renewable Energy, and Clean Transportation — are aligned with those recognized by the Use of Proceeds Principles and are expected to reduce the environmental footprint of Gränges’ operations.
Sustainability-Linked Instruments
Sustainability-Linked Bond Principles 2020, Sustainability-Linked Loan Principles 2021
Sustainalytics is of the opinion that the Gränges Green and Sustainability Linked Bond Framework aligns with the Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2021 (the “Sustainability-Linked Principles”).