18 Jun 2020 14:12

SEB adviser to Daimler in framework for green transition

SEB has served as a structural adviser for the global mobility company Daimler in the creation of a green framework for financing the company’s shift to a zero-emission vehicle fleet and sustainable production processes.

“We are proud and honoured to have won the confidence and to assist one of the world’s largest automakers in their shift to a zero-emission vehicle fleet”, says Christopher Flensborg, Head of Climate and Sustainable Finance at SEB.

The green framework is classified as Dark Green, which is the highest level according to the research institute Cicero’s independent expert opinion. The framework will be used for borrowing through e.g. green bonds, green commercial paper and green loans.

The money is earmarked to finance projects in areas such as research & development, manufacturing of zero emission vehicles and drivetrains as well as in development and installation of charging infrastructure.

Green financing will also be used to upgrade manufacturing facilities and to establish recycling systems for batteries and fuel cells. Other qualifying projects include investments in reduced energy and resource consumption, installation of renewable energy and material recycling.

” With the Green Finance Framework and Second Opinion in place, Daimler are ideally positioned to further strengthen its dialogue with financial stakeholders”, says Christopher Flensborg.

Read press release from Daimler