Fabege with 100% green funding first!

 

As all loan agreements of the company are now green, Fabege has achieved a significant milestone in its sustainability. Therefore, Fabege is the first Swedish property company to choose green financing exclusively. apartment

Fabege is one of Sweden's biggest borrowers with total borrowing of SEK 26 billion (as at 30 September 2020) and can therefore contribute to the greener financial market by setting a good example. Green finance offers a stronger loan portfolio that better addresses crises and trustworthy relations with creditors and lower funding costs.

"We are glad and proud to participate as an active party in a major transformation towards a financial market which is increasingly sustainable and responsible. To achieve the Paris Agreement's climate goals, the entire financial world must have a major role in the climate, "Comments Åsa Lind, Fabege Head of Treasury.

Fabege's entire capital markets financing has already been green, both bonds and business paper and most bank financing and the last 5% has now been converted to green agreements. With regard to new financing, it is always necessary for it to be sustainable.

"Green funding means we need to stay on top, sustainability characterizes everything we do and we continue to work for the advancement of our positions and the sustainability of the Swedish property sector," continues Åsa Lind.

Fabege has long declared that all financing is green, facilitated by the company's ambitious sustainability work, and that all Fabege investment properties have, among other things, been certified as sustainable. Fabege's goal is to ensure that all property management activities are climate neutral by 2030 and also have a good chance of achieving this goal.

"Immobilien is the enterprise with the greatest environmental impact, which is why it is important to be a leading sector in terms of sustainability work. All our holdings are certified as sustainable and green finance is an important part of our sustainability efforts. The real estate sector has proved its commitment to this issue, but now Fabege sets the bar for green finance and challenges other players in the sector to follow our lead, "Mia Häggström, Fabege Sustainability Manager, comments.

This revised Offer is not being made, and this Press Release shall not be distributed, directly or indirectly, in or on behalf of the holders (e.g., Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland) or in any jurisdiction (including, but not limiting, the U.S.) or the United States in which the Revised Offer has been made, Please see the section "Important Advisory" and "Notice for U.S. shareholders" below for further information.

Fabege Sustainability Facts:

GRESB has nominated Fabeges as the Global Real Estate Sustainability Benchmark for 2020

100 per cent of the management portfolio and all new production are BREEAM In-Use or BREEAM-SE sustainable certified.

The average energy consumption is below 80 kWh/sqm.

Sustainability is audited for all strategic suppliers and partners.