Storebrand releases first allocation report for green bonds

The Norwegian financial group has now invested roughly 80 percent of the EUR 300m issued as green bonds – and has publicized its first allocation report on sustainable investments.

Storebrand Group CEO, Odd Arild Grefstad. | Photo: Lise Eide Risanger/Storebrand/PR

In March, Storebrand issued green bonds worth EUR 300m, EUR238m of which is now invested and accounted for in a new allocation report – the company's first.

"Transparency about capital employment is one advantage of green bonds, and we want to provide fixed income investors with ongoing information until all the capital is invested. Some reports ensure that the money actually achieves the intended climate benefit, and provide investors with important information that they can use for their own reporting," Storebrand Group Chief Executive, Odd Arild Grefstad, tells AMWatch's Norwegian sister media FinansWatch.

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