Kojamo plc Press Release, 15 March 2021 at 2:00 p.m. EET
Kojamo launches a Green Finance Framework
Kojamo is responding to the challenges brought on by climate change by creating better and more energy-efficient housing according to the principles of sustainable development. The company launches a Green Finance Framework which links the company’s sustainability targets and climate actions with the company’s investments and their financing. The framework is based on Kojamo’s sustainability programme published in December 2020, which supports the implementation of the company’s strategy.
The Framework sets up the criteria for investments that can be financed or refinanced with green bonds, green loans other green debt instruments. The Framework will be applied to the company’s investments that promote the transition towards sustainable and low-carbon economy, focusing on energy efficient buildings and improving their energy efficiency, as well as to projects increasing the production of renewable energy, promoting clean transportation or improving waste management.
Responsibility and sustainable development is one of the key areas in Kojamo’s strategy. The sustainability programme guides the company’s sustainability work towards 2030 by combining the company’s long-term sustainability efforts with practical goals and measures. Kojamo takes action to restrain climate change by improving the energy consumption of its property portfolio and reducing its carbon footprint, and the company aims to use carbon-neutral energy in its properties by 2030. “The Green Finance Framework enables us to integrate the sustainability targets to financing and thus underlines our commitment to promote sustainability”, says Niina Saarto, Group Treasurer at Kojamo.
The Framework is based on the Green Bond Principles 2018 and the Green Loan Principles 2018. Cicero, a global leading independent provider of second opinions on green bonds, has provided an external second opinion on Kojamo’s Green Finance Framework, which received a Medium Green shading in Cicero’s Shades of Green methodology and Governance score of Excellent. The Green Finance Framework together with its external Second Opinion are available on Kojamo’s website at https://kojamo.fi/greenfinancing. Danske Bank acted as sole green structuring advisor in the development of the Framework.
For more information, please contact
Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225
Niina Saarto, Group Treasurer, Kojamo plc, tel. +358 20 508 3283
Hannamari Koivula, Manager, Corporate Responsibility and Sustainability, Kojamo plc, tel. +358 20 508 4209
Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/