The first Green Bond issued by a Finnish corporate welcomed to the London Stock Exchange.
On 23 November 2017, Fingrid published a press release on the issue of a €100 million Green Bond. Green Bonds are bonds issued where the proceeds are earmarked for investments with expected positive long-term net environmental impacts. The borrower is committed to reporting annually on the projects for which the proceeds have been used.
The transaction attracted broad international interest and expanded the company's debt investor base. This listing of the first Green Bond issued by a Finnish corporate was welcomed to the London Stock Exchange on 11 January 2018, when Fingrid was invited to the market open ceremony.
Fingrid's strategy and its various perspectives form the starting point for our corporate responsibility work. Corporate responsibility is a key element in the implementation of our strategy and in our business expertise. By operating responsibly in all areas of sustainability, we can best bring value to our stakeholders and ensure the acceptance of our projects by society. Fingrid’s Green Bond financing also promotes the global development of sustainable and responsible debt capital markets.
"Fingrid's mission is to secure reliable electricity for our customers and the society. We shape the clean, market-oriented power system of the future. As also sustainability is one of our core corporate values, it is natural for us to participate in the Green Bond market to finance our long-term investments, which have positive environmental effects,” says Jan Montell, CFO and Senior Vice President.