Press release -
First report on green bond
In May, the Stena Metall Group issued its first green bond, amounting to SEK 800 million, with the money being earmarked for sustainable investment in the Stena Nordic Recycling Center. The first report has now been published, which specifically shows where the money has been spent.
“There are many investors seeking green, sustainable investments who were therefore attracted to this bond issue. It is pleasing that we met this need and expanded our investment base,” said Peter Gustafsson, Managing Director of Stena Metall Finans.
The bond were issued in order to finance recycling processes at the Stena Nordic Recycling Center. The facility, opened just over two years ago in Halmstad, uses advanced technology and processes to recycle cars, computers and other electronic products. New technology is being continuously installed, in line with the rapid pace of industrial development, to meet customer demand for recycling as much material as possible and to reduce the amount of end-of-life products sent for landfill.
Materials recycled at the Stena Nordic Recycling Center are used to manufacture new products around the world and, thereby, strengthen industry's role in the circular economy.
Related links
Topics
Categories
Stena Metall operates across seven business areas with a presence at over 200 sites in nine countries. Each year, the Group recycles and refines six million tons of waste and end-of-life products, and customers are supplied with essential raw materials, steel products, recycled aluminium and marine fuels. These products create value for customers, their customers, and the society as a whole.
Driven by innovation and sustainability, Stena Metall invests in research and development to tackle future challenges with forward-thinking solutions. With a team of 4,400 dedicated employees, the company works closely with partners to actively contribute to the development of the circular economy.
