Volvo Green Finance Framework
As part of our commitment to sustainability, this Green Finance Framework (the Framework) has been developed. The structure of the Framework is in line with the four key pillars of the ICMA Green Bond Principles (GBP) and LMA and APLMA Green Loan Principles (GLP), which are as follows:
1. Use of proceeds
2. Process for project evaluation and selection
3. Management of proceeds
The Volvo Group intends to follow market practice in relation to Green Bonds and Loans and will work to reflect best practice developments in this space, including those that arise as the EU Taxonomy and the EU Green Bond Standard gain further traction. Our Green Finance Framework may be amended or updated from time to time to reflect any such changes in market practice.
To ensure alignment with national and international guidelines, the Volvo Group has obtained an independent external third-party opinion on its Green Finance Framework from CICERO Shades of Green. The opinion can be found below.Download the opinion(PDF, 0.4 MB)
The Green Finance Investor Report
The Volvo Group will provide and make available an investor report on its Green Asset Portfolio annually (a Green Finance Investor Report). The Green Finance Investor Report will cover allocation and impact reporting, as detailed in the Framework.