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