Telia Company publishes its first Green Bond Report
Today, Telia Company published its first Green Bond Report. This report provides investors and other interested parties with details on the use of proceeds and related expected positive environmental impact of Telia Company’s first two Green Bonds, which were issued in 2020.
In February 2020, Telia Company successfully issued its inaugural Green Bond, a EUR 500 million Green Hybrid, the first Green Hybrid by a Nordic telco. In June 2020 Telia Company followed up the successful transaction with a SEK 750 million Green Bond in senior bond format.
"Our Green Bond Framework, launched in 2019, and the green bond issuances in 2020 are important parts of both our funding and sustainability strategy going forward," says Per Christian Mørland, CFO of Telia Company.
The proceeds of the Green Bonds have been allocated to two different categories:
- Energy Efficiency: Network transformation through fiber development in Sweden
Telia Company has invested extensively into fiber deployment in Sweden to bring high-speed, reliable internet connections both to commercial and residential areas. The fiber network primarily replaces the legacy copper based (PSTN) network which is still used for both telephony and broadband. The transformation to fiber brings significant environmental benefits, higher energy efficiency in particular.
- Green Digital Solutions: IoT solutions reducing customers’ environmental impact
The investments into IoT platforms and products contribute directly to customers’ energy savings and avoided GHG emissions. Two examples of such services provided to customers are “Smart Buildings” and “Smart Public Transport”.
Telia Company actively follows the developments in the Green Bond market and is committed to develop reporting practices in line with best practice and established guidance. The report can be found here