Green financing

The transition to a low-carbon economy, greater resilience to climate change, and environmentally and socially sustainable development requires substantial investments. By establishing a Green Financing Framework, Bonava intends to mobilize debt financing for environmentally sustainable purposes.

According to the Green Financing Framework, Bonava can issue green debt instruments, through which we offer the market the opportunity to participate in financing the green transition through an environmentally and climate-friendly sustainable housing development.

The Green Financing Framework from 2020 will be replaced by a new one from January 2025, which enables green financing for projects that meet the following two criteria in combination: 1) projects whose primary energy demand is at least ten percent better than what the EU-implemented near-zero energy building regulations require, and 2) conduct life cycle assessments (LCA) for all completed projects. The framework is verified by Sustainalytics.

EU Taxonomy for sustainable finance

The EU taxonomy is a green classification system that translates the EU's climate and environmental objectives into specific criteria for economic activities to meet for investment purposes. Bonava's main business is largely within the economic activity of New Construction of Buildings and a smaller part within the economic activity of Acquisition and Ownership of Buildings.

Since 2024, Bonava Finland commits that all business-to-business projects shall be aligned with the EU taxonomy. Bonava Sweden commits to that all projects designed from 2024 onwards shall be certified according to the Nordic Swan Ecolabel 4.0, previously version 3.0, which is harmonized with the EU taxonomy. In 2023, Bonava began reporting both eligibility and alignement with the EU taxonomy's criteria for substantial contribution, DNSH (Do No Significant Harm), and social minimum safeguards.