SATO Releases Revised Green Finance Guidelines
SATO has revised its Green Finance Framework, which was originally introduced in 2020, to incorporate the latest market trends and industry best practices. The updated framework centers on enhancing the energy efficiency of buildings, particularly those that are energy efficient.
SATO's Green Finance Framework combines the company's sustainability objectives with its financing activities. Under this framework, SATO has the option to offer various debt instruments, such as green bonds, green hybrids, green commercial papers, and green loans. These instruments can be used to finance energy-efficient buildings, repairs that enhance the energy efficiency, as well as renewable energy and waste management initiatives.
SATO's Green Finance Framework is aligned with the company's strategy and its Sustainability Programme for 2023–2026. The programme focuses on three key areas: sustainable housing, community well-being, and sustainable profitability. SATO's ultimate goal for this programme is to lead the way in sustainable rental housing and become a frontrunner in the industry.
SATO's Green Finance Framework was created in accordance with the 2021 Green Bond Principles (GBP) and Green Loan Principles (GLP) to ensure alignment with industry best practices. Swedbank served as SATO's advisor in developing the framework, which is evaluated by S&P to verify its adherence to the relevant principles. The framework and S&P's second opinion can be found on SATO's website at https://www.sato.fi/en/finances-investors/financing/green-financing.
For more sustainable finance news