Preem publishes Preem Green Financing Framework and announces successful inaugural €340 million green bond offering

"Preem is in the process of implementing the largest change in the company's history with a number of crucial infrastructure projects at our refineries. We developed the Preem Green Financing Framework to support our focus on initiatives to lower our own carbon footprint as well as to support our transition of investment into green and sustainable investments", says Magnus Heimburg, Chief Executive Officer of Preem. "Preem is in the process of implementing the largest change in the company's...

"Preem is in the process of implementing the largest change in the company's history with a number of crucial infrastructure projects at our refineries. We developed the Preem Green Financing Framework to support our focus on initiatives to lower our own carbon footprint as well as to support our transition of investment into green and sustainable investments", says Magnus Heimburg, Chief Executive Officer of Preem.

The Preem Green Financing Framework is aligned with market best practices outlined by the International Capital Market Association ("ICMA") 2021 Green Bond Principles and the Loan Market Association ("LMA") 2021 Green Loan Principles, updated from time to time.

Preem engaged CICERO Shades of Green ("Cicero") to act as an external verifier of the Preem Green Financing Framework and the eligible green projects and assets, and Cicero provided a Second Party Opinion in relation to the Preem Green Financing Framework. Cicero gave the Preem Green Financing Framework an overall CICERO Light Green shading and a governance score of "Good".

The Preem Green Financing Framework and Cicero Second Party Opinion are available on www.preem.com.

This announcement is not an offer of securities for sale or the solicitation of an offer to buy the securities discussed herein in the United States, Australia, Canada, Japan or in any jurisdiction in which such offer or solicitation is unlawful. No securities may be offered or sold in the United States unless the securities are registered under the Securities Act of 1933 or an exemption from registration requirements is available. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. Preem Holding AB (publ) has not and does not intend to register any securities in the United States, Australia, Canada or Japan. There will be no public offer of the securities in the United States or elsewhere. Copies of this document are not being, and should not be, distributed, published or transmitted into the United States.

For more information, please contact:

Preem Press Office
[email protected]
+46 (0)70-450 10 01

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/preem-ab/r/preem-publishes-preem-green-financing-framework-and-announces-successful-inaugural--340-million-gree,c3585743