Electrolux introduces framework for green bond issuances

By Angela McDaniels

Tacoma, Wash., March 12 – AB Electrolux has developed a green bond framework, according to a company news release.

The company plans to use the proceeds of green bonds it issues to reduce the environmental impacts of its products and operations.

Uses may include investments in research and development to improve the energy or water efficiency of appliances, development of recycled materials, elimination of refrigerants with high greenhouse warming potential, improved energy or water efficiency at Electrolux factories and increased use of renewable energy, for example through the installation of solar panels.

The company aims to reduce greenhouse gas emissions from its operations by 80% and emissions from its products by 25% by 2025.

The company said it developed the new framework with SEB in alignment with the Green Bond Principles 2018, with projects eligible for funding defined to support the United Nations' Sustainable Development Goals and the Paris Climate Agreement. The framework has been independently evaluated by the Center for International Climate Research.

Electrolux manufactures appliances and is based in Stockholm.

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