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3.5.2021 10:08

OP Corporate Bank Publishes Green Bond Impact Report

OP Corporate Bank issued its first Green Bond in February 2019; the impacts of the bond are described in an annual impact report sent to investors.

During 2020, the Green Bond enabled e.g.
 

  • the avoidance of almost 200,000 metric tonnes of CO2 in energy production
  • the absorption of over 140,000 metric tonnes of CO2 by carbon sinks through sustainable land use (new impact metric)
  • 390 MW of renewable energy production
  • 20,000 m2 of green certified building area

 

The Green Bond register has grown markedly in recent years. By the end of 2020, there were 36 loans in the register for 31 companies, compared to 20 loans for 15 companies by the end of 2019. In addition, the register has grown by almost €400 million — to reach €1.3 billion — compared to the equivalent period a year ago.

“Our customers have growing interest in green financing. Responsibility is already an everyday issue for companies: we at OP Corporate Bank want to integrate responsibility with our businesses, and green bonds are a natural part of this,” says Laura Hakamies, the OP executive in charge of Corporate Lending and Capital Market Financing.

OP Corporate Bank’s Green Bond Impact Report was drawn up in accordance with the principles of the ICMA (International Capital Markets Association). An Independent Limited Assurance Report by KPMG Oy Ab and a Second Party Opinion Annual Review by Sustainalytics were also published in conjunction with the Impact Report.