KlaraBo signs agreement on sustainability-linked financing

KlaraBo has signed a framework agreement on sustainability-linked financing with Swedbank. This agreement ties the pricing of the loan financing to KlaraBo's sustainability goals. Loans linked to these goals constitute over 10 percent of KlaraBo's total loan portfolio, providing additional incentives for the company's sustainability efforts.

“Our ambition is to continuously expand our sustainability-linked financing over time. This agreement is the first step in this process, and we are pleased to have established it,” says Per Holmqvist, CFO at KlaraBo.

“We are delighted to have been entrusted with signing KlaraBo's first sustainability-linked financing. This financing helps support KlaraBo's ambitious and long-term sustainability work and their journey towards an increased share of sustainable financing,” says Björn Mannerfelt, Client Executive at Swedbank.

As of March 31, KlaraBo's interest-bearing liabilities amounted to over SEK 4.9 billion. The company intends to increase the proportion of sustainability-linked financing going forward and has initiated dialogue with the group’s other banks.

KlaraBo's sustainability goals include using only renewable energy for electricity, heating, and vehicles in their operations by 2030 and achieving climate neutrality throughout the entire value chain by 2045. For other sustainability goals and more information on KlaraBo's sustainability efforts, visit www.klarabo.se.

For more information:

Per Holmqvist, CFO KlaraBo
[email protected]
+46 733 00 29 23

About KlaraBo
KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates throughout the country. The strategy is to acquire existing residential properties as well as land for new construction in regions with population growth and a strong labour market. Our newly constructed apartments are developed in-house and space efficient, which contribute to reasonable rents. Both apartments and buildings are designed in collaboration with the municipality to fit local needs. With wood as the main building material, the new construction holds a high environmental standard. KlaraBo is a long-term property owner. KlaraBo is listed on Nasdaq Stockholm and is traded under the ticker KLARA B.