Swedavia launches green financing framework and issues SEK 800 million of sustainable bonds

Swedavia has launched a new green finance framework and issued SEK 800 million of green bonds to fund sustainable airport projects across Sweden. The framework, reviewed by Sustainalytics, was assessed as making a “Significant” contribution to sustainability and aligns with EU taxonomy standards for green bonds and loans.

Kristina Ferenius, Chief Financial Officer at Swedavia, said: “The new framework enables Swedavia to increase its green financing. It builds on the previous one and now includes more categories, while short-term focus remains on green buildings, clean transportation, and renewable energy.” New categories, such as forests and renovation of existing infrastructure, aim to promote sustainable materials and climate-conscious construction.

The SEK 800 million green bond issuance was strongly received, with investor demand twice oversubscribed and a credit margin of +0.73 percent. This marks Swedavia’s first senior bond issuance following a Baa1 investment grade rating by Moody’s Ratings. Danske Bank advised on the development of the framework.

Swedavia is recognised as a global leader in climate transition within aviation. Its airport operations became fossil-free in 2020, and the company now supports external actors in reducing environmental impact. The group has set ambitious targets, including fossil-free ground transportation by 2030, net zero emissions in building and civil engineering by 2045, and fully fossil-free domestic aviation by 2030, with international flights following by 2045 under Fossil-Free Sweden.

The Swedavia Group owns, operates, and develops ten airports across Sweden, aiming to provide connectivity while prioritising sustainable operations. With a workforce of approximately 2,750 employees and 2024 sales of SEK 6.4 billion, Swedavia continues to lead in developing airports with minimal environmental impact, demonstrating the role of green finance in aviation’s sustainable future.

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