Green Bonds

Castellum´s view is that sustainability is a requirement for economic growth. Castellum is one of the largest players in the industry, but survivability is based on continuous development of the company. Sustainability activities are about conducting business in a responsible manner and creating sustainable solutions from economic and ecological, as well as social perspectives. Sustainability efforts have always been a natural part of Castellum operations. As a long-term player and community builder, it has been natural to contribute in various ways to the development of a sustainable society.


Financing via the issue of green bonds as part of our MTN and euro MTN (EMTN) programmes is an opportunity for investors to contribute capital to some of our most sustainable projects and properties. The general terms and conditions of issued Green Bonds correspond with other issued bonds under Castellum’s MTN and EMTN programs, with the important difference that proceeds from issued Green Bonds may only be allocated to Eligible Projects and Assets in accordance with Castellum’s Green Terms.

The updated framework has been adapted to the 2021 ICMA Green Bond Principles and the EU taxonomy. Castellum partnered with Handelsbanken to develop the framework for green MTNs. Castellum also engaged the research firm Cicero Shades of Green for an independent assessment of Castellum’s sustainability initiatives and the level of ambition of the framework. The overall opinion is that Castellum’s governance of its sustainability initiatives is excellent, and the framework has been awarded Cicero’s Medium Green shading.

The framework, the Second Opinion, and the updated MTN programme are all available here on Castellum’s web site.