Project Details
Project
Heimstaden Bostad AB Green and Sustainability-Linked Financing Framework Second-Party Opinion (2023)
Client
Heimstaden Bostad AB
Project Type
Green Bond/Loan; Sustainability Linked Bond or Note; EU Taxonomy Assessment;
Industry Group
Real Estate
Use of Proceeds
Green buildings
Location
Sweden
Evaluation Date
Feb 2023
Evaluation Summary
USE OF PROCEEDS INSTRUMENTS
Sustainalytics is of the opinion that the Heimstaden Bostad Green and Sustainability-Linked Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and the Green Loan Principles 2021. The eligible category for the use of proceeds – Green Buildings – is aligned with those recognized principles and will lead to positive environmental impacts.
SUSTAINABILITY-LINKED INSTRUMENTS
Sustainalytics is of the opinion that the Heimstaden Bostad Green and Sustainability-Linked Financing Framework aligns with the Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2022.
ALIGNMENT WITH EU TAXONOMY
Sustainalytics has assessed Heimstaden Bostad’s 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 six 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 (TSC) in the EU Taxonomy and with the Do No Significant Harm (DNSH) Criteria. 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.