Skanska Updates Green Bond Framework to Align with EU Taxonomy and Climate Targets

Skanska Updates Green Bond Framework to Align with EU Taxonomy and Climate Targets

(IN BRIEF) Skanska, a construction and development company, has updated its Green Bond Framework to incorporate criteria from the EU Taxonomy for sustainable activities and expand its scope to cover additional categories. The framework, which aligns with the 2021 ICMA Green Bond Principles, aims to support Skanska’s efforts to achieve its long-term climate goals. S&P Global Ratings has provided a second opinion with Medium Green shading, and Svenska Handelsbanken served as an advisor in the framework’s update.

(PRESS RELEASE) STOCKHOLM, 9-Nov-2023 — /EuropaWire/ — Skanska established its first Green Bond Framework in 2014, with an update in 2018. With the 2023 update to its framework, Skanska includes criteria from the EU Taxonomy for sustainable activities and broadens the scope to include additional categories that are needed in Skanska’s journey towards its long-term climate targets.

The framework is aligned with the 2021 ICMA Green Bond Principles. S&P Global Ratings has provided a second opinion with Medium Green shading. Svenska Handelsbanken acted as advisor in updating the framework.

Full details on Skanska´s Green Bond Framework and the Second Party Opinion can be found here (Skanska Financial Services AB | Skanska – Global corporate website).

This and previous releases can also be found at www.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2022 revenue totaling SEK 162 billion.

We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

Media Contact:

Jacob Birkeland
Head of Media Relations
Skanska AB
tel: +46 (0)10 449 19 57

Direct line for media:
tel: +46 (0)10 448 88 99

SOURCE: Skanska