Trelleborg, Sweden – Trelleborg AB has issued an inaugural ‘green bond’ with the nominal amount of SEK1 billion (€98 million) in a bid to finance its environmental projects, the group has announced.
The fund raised will support Trelleborg in implementing its ’50 by 25’ climate target, which eyes to reduce the group’s CO2 emissions by 50% by 2025, said a 2 Sept statement.
Furthermore, the polymer group aims to achieve net zero emissions by the end of 2035, the statement added.
“We have many green investments in the pipeline across Trelleborg group,” said chief financial offer Fredrik Nilsson.
These, he said, include the transition of local infrastructure for energy supply toward more renewables, and further development of sustainable products and solutions.
“It is therefore very positive that we can now present a broadened investor base with the issue of a green bond,” Nilsson concluded.