Second-Party Opinion Download

USE OF PROCEEDS

The eligible category for the use of proceeds, Green Buildings, is aligned with those recognized by the Green Bond Principles. Sustainalytics considers that investments in the eligible category will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 9.

PROJECT EVALUATION AND SELECTION

Sveafastigheter’s Green Bond Committee, consisting of members from the Treasury, Technical Management and Sustainability teams, will be responsible for evaluating and selecting projects in line with the Framework’s eligibility criteria. Sveafastigheter has an internal process to ensure that all investments under the Framework align with its ESG policies, and Swedish environmental and social standards, laws and regulations. Sustainalytics considers the project selection process to be in line with market practice.

MANAGEMENT OF PROCEEDS

Sveafastigheter’s Treasury team will manage the proceeds through an internal tracking spreadsheet on a portfolio basis. Sveafastigheter intends to allocate proceeds within 12 months of issuance. Pending full allocation, any unallocated proceeds will be retained in cash or held on deposit. This is in line with market practice.

REPORTING

Sveafastigheter will publish an allocation and impact report on its website annually until full allocation and in the case of any material developments. Sveafastigheter’s allocation reporting will include details such as the outstanding green bond amount, the assets financed or refinanced, and the share of any unallocated proceeds. Sveafastigheter will obtain an annual external verification on the allocation of proceeds. Sustainalytics views Sveafastigheter’s allocation and impact reporting as aligned with market practice.