SPP invests in Baltic Blue Bond
On Thursday the Nordic Investment Bank issued a Baltic Blue Bond. It is the first blue bond in the market with funding earmarked according to the Green Bond Principles. The Nordic Investment Bank is the issuer of the bond, and the transaction invested in amounts to SEK 2 billion kronor.
- We have long been seeking a solution, on how to finance a better health of the Baltic Sea and are therefore thrilled to participate in NIB's Blue Bond. We hope that this, blue bond, will be followed by many others, says Helena Lindahl, Senior Portfolio Manager Storebrand Asset Management.
The Baltic Sea is one of the world's most polluted seas and its future is being challenged by multiple environmental threats. It has a unique and highly sensitive ecosystem that is being put under ever-increasing pressure.
- The Baltic Sea region is the home of nine countries and ninety million people. The health of the region is consequently very important. I therefore urge more companies in the region to take the opportunity and proactively utilize earmarked, green or blue loans. It is a very effective way to show determination, achieve true impact and long term sustainable growth, concludes Lindahl.
The Baltic Blue Bond funding is earmarked for projects related to wastewater treatment, flood protection and projects aimed at protecting and restoring the marine ecosystems in the region.
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