Updated Green Finance Framework and new Sustainability-Linked Finance Framework.The sustainability work is conducted as an integral part of Cibus' ongoing operations and is focused on being a sustainable business partner, having the climate in focus and offering accessible marketplaces. Cibus has been working with green financing for some years but now levels up ambition with an updated Green Finance Framework. Besides that, a new Sustainability-Linked Finance Framework is launched linked to company targets of being climate neutral 2030. Both frameworks can be used for bank financing and bonds. The Green Finance Framework will be used to finance our pool of green properties and major climate investments. The Sustainability-Linked Framework is not linked to specific properties but for general corporate purposes and the interest rate is subject to change depending on outcome of the sustainability work compared to sustainability performance targets.
ISS Corporate Solutions has conducted a second party opinion of both frameworks with the overall conclusion that the frameworks are aligned with ICMA's principles, hold a high level of ambition, and contribute to the UN Sustainable Development Goals specified in the frameworks.
Swedbank has acted as advisor to Cibus in the establishment of both frameworks.
Frameworks and second party opinions are available on the on the website:
https://www.cibusnordic.com/investors/ For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate (+46 70 858 04 53)
The following documents can be retrieved from beQuoted
Cibus Pressrelease 2023-07-11.pdf Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop Sweden, Lidl and S Group.
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