Green lending is a selected pool of projects financed by SEK, which promotes the transition to low-carbon and climate resilient growth, as determined by SEK through an evaluation process
Environmental and social responsibility is reflected throughout SEK’s business plan. In 2015, SEK took further action to support sustainable and eco-friendly business by setting a target of providing Skr 10 billion in green lending over the next three years. SEK Sustainability Department assesses as to whether a project qualifies as an Eligible Project and validates reported reductions of greenhouse gas emissions.
Reductions of CO2 emissions will be measured on a project basis in proportion to the percentage financed by SEK. CO2 reduction calculations follow the baseline methodology set out in the International Financial Institution Framework for a Harmonised Approach to Greenhouse Gas Accounting November 2012. SEK also participates in the Green Bond market to promote sustainability.
Wind Power in Chile
SEK has financed 56 wind turbines in Chile.
SEK finances Rottneros AB
SEK and a commercial bank have jointly financed the project of exporter Rottneros AB to replace foss…
SEK finances Northern Europe’s second largest biogas facility
SEK has financed the Norwegian company Biokraft’s construction of a biogas facility in Skogn, just n…
SEK finances part of ABB's deliveries to the North Sea Link
SEK has financed ABB’s deliveries to the 720 km long subsea interconnector, the North Sea Link (NSL)…
Renewable Energy in India
Power Grid Corporation of India Ltd. is implementing the world’s first multi-terminal UHVDC (+800 kV…