06. March 2024

Kvika updates its Green Funding Framework

Kvika has published an updated its Green Funding Framework, initially published in 2021. The Green Funding Framework enables the bank to clearly define what loans of the bank’s loan portfolio can be considered green, enabling the bank to issue green bonds as well as use green deposits in the bank’s funding.

The Framework is, as before, in alignment with the ICMA Green Bond Principals and the EU Taxonomy considered as applicable. To date, the Bank has issued green bonds for the equivalent of over ISK 13 billion under its Green Funding Framework.

Sustainalytics, a leading international Second Party Opinion provider, has reviewed the Framework and provided the bank with a confirmation that the framework is according to market practice. Swedbank AB acted as a Structuring Adviser on the Framework.

Kvika's Green Funding Framework