Project Details
Project
Heba EU Green and Sustainability-Linked Financing Framework Second-Party Opinion (2024)
Client
Heba Fastighets AB
Project Type
Sustainability Linked Loan; Sustainability Linked Bond or Note; Green Bond/Loan; EU Taxonomy Assessment;
Industry Group
Real Estate
Use of Proceeds
Green buildings
Location
Sweden
Evaluation Date
Feb 2024
Evaluation Summary
Use of Proceeds Instruments
Green Bond Principles 2021 and Green Loan Principles 2023
Sustainalytics considers the Heba EU Green and Sustainability-Linked Financing Framework credible, impactful and aligned with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2023. The eligible category for the use of proceeds, Green Buildings, is aligned with those recognized by the Green Bond Principles and will lead to positive environmental impacts.
Sustainability-Linked Instruments
Sustainability-Linked Bond Principles 2023
Sustainability-Linked Loan Principles 2023
Sustainalytics is of the opinion that the Heba EU Green and Sustainability-Linked Financing Framework aligns with the Sustainability-Linked Bond Principles 2023 and Sustainability-Linked Loan Principles 2023. Overview of KPIs and SPTs:
KPI | Strength of the KPI | SPT | Ambitiousness of SPT |
KPI 1: GHG emissions from Heba’s own operations (scope 1 and 2) | Very Strong | Reduce GHG emissions from Heba’s own operations (scope 1 and 2) by: | Highly Ambitious |
KPI 2: GHG emissions from Heba’s construction activities (scope 3) | Very Strong | Reduce GHG emissions from construction activities (scope 3) by: | Highly Ambitious |
Alignment with the EU Taxonomy
Sustainalytics has assessed the Heba EU Green and Sustainability-Linked Financing Framework for alignment with the EU Taxonomy. The criteria defined in the Framework’s use of proceeds category map to seven activities in the EU Taxonomy. Sustainalytics is of the opinion that the criteria defined in the Framework’s use of proceeds category align with the applicable technical screening criteria for Substantial Contribution (SC) and Do No Significant Harm (DNSH) of the EU Taxonomy. Sustainalytics is also of the opinion that the activities and projects to be financed under the Framework will be carried out in alignment with the EU Taxonomy’s Minimum Safeguards.