Peab has today published an investor report on the outstanding green bonds the company had outstanding at the end of 2024. The report describes the projects financed through the bonds and how the assets have been allocated to them.
As per December 31 2024 Peab hade outstanding bonds worth a total of 2.0 billion Swedish kronor: 500 million Swedish kronor with a maturity of 5 years (issue year 2021), 900 million Swedish kronor with a maturity of 3 years (issue year 2024) and 600 million Swedish kronor with a maturity of 4.5 years (issue year 2024). Proceeds from the issues have been used to finance investments in green and energy efficient buildings, ECO-efficient and circular products and production processes, clean transportation and water and wastewater management.
“Financing with green bonds is an important part our work to transition our business into becoming climate neutral. They give the capital market the opportunity to invest in concrete projects that contribute to climate transition,” says Niclas Winkvist, CFO of Peab.
The issuances of green bonds in 2024 were conducted within the framework of Peab’s Swedish MTN program and the Green Finance Framework which was updated in 2024. The framework has been audited by the independent company Sustainalytics, which has determined that it is robust, transparent and aligns with the latest market standard.
Peab has adopted two sub-targets on the road to achieving our ultimate target of climate neutrality in 2045. One is to reduce carbon dioxide intensity from our own production 60 percent by 2030 and the other is to reduce carbon dioxide intensity from input goods and purchased services 50 percent by 2030.
The investor report is available at peab.se and peab.com.
For further information, please contact:
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
