Green Bond Fact Sheet

Wallenstam AB

Date: 04/06/2019

Issue date: 24-05-2019 Maturity date: 24-05-2021 Tenor: 2
Issuer Name

Wallenstam AB

Amount Issued

SEK500m/USD52m

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-financial
corporate

Bond TypeGreen Bond Framework

Link to framework

Second party opinion

CICERO

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☒ Onshore wind
☒ Offshore wind
☒ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☒ HVAC systems☒ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☒ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☒ Bicycle infrastructure☐ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Wallenstam will publish an annual report on its website that will detail the allocation ofproceeds and adherence to the Green Terms. The first such report is expected to be
published in April 2020 and will:• List all Eligible Projects and Assets that have been financed with Green Bonds• Summarise Wallenstam’s green bond-related activities in the past year, and• Provide information on each eligible project and asset’s compliance with therelevant criteria.
The Reporting will also disclose asset-level performance indicators. Impact will be based onWallenstam’s share of the total financing. For projects and assets that are not yet
operational, Wallenstam will strive to provide estimates of future performance levels. A fulllist of performance indicators that will be reported on (in a table format) is available on p. 10of the Green Bond Framework.
Wallenstam builds, develops and manages properties. The company is one of the largest
private-sector landlords in Sweden with around 9,000 apartments in Gothenburg,Stockholm and Uppsala. In Gothenburg, Wallenstam is one of the city’s major operatorsand developers of commercial properties on the local market.

Firsts, records andcertifications
Proceeds description

The proceeds from this bond will finance projects in four categories: green buildings, lowcarbon transport, energy efficiency (in buildings) and renewable energy. Each category has
specific requirements as outlined in the issuer’s framework. Headline requirements include
a minimum certification level of Miljöbyggnad Silver as well as 20% lower energy use thanrequired by the applicable national building code (buildings in-use), and minimum 20%
estimated energy savings (energy efficiency in buildings).
All projects must also make a meaningful contribution to at least one of the following:•••

Mitigation
Adaptation
Environment and eco-systems

Projects without an explicit climate change focus can only receive up to 15% of the total
proceeds of the green bond.

Climate Bonds view

Wallenstam AB has produced a robust green bond framework that takes into account theimportance of good governance and addresses various concerns. The issuer has, forexample, explicitly excluded fossil fuel and nuclear energy generation, research
and/or development within weapons and defence, potentially environmentally negative
resource extraction (e.g. rare-earth elements or fossil fuels), gambling and tobacco.
The framework also includes an in-depth mapping and outline of how the company’s
activities contribute to a broader set of Sustainable Development Goals (SDGs).
Wallenstam has already reported a 41% reduction in its operational carbon footprint
between 2014 and 2017. The green bond issuance is a great next step in the company’spath to reduce its environmental impact even further.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign