Sustainability has long been a natural part of Green Cargo’s operations. For us, the concept encompasses a holistic approach to responsible and sustainable business – that we assume social, environmental and financial responsibility. This forms the basis for creating long-term profitability.
Sustainability issues have been fully integrated with the management and leadership of Green Cargo in all areas. Establishing and determining a framework for green finance is a natural step and strengthens a long-term and close relationship with lenders and banks. Green Cargo’s goals are for the majority of new financing to be classified as green or otherwise related to sustainability according to international principles and standards in the area.
Green Finance Framework
In October 2019, Green Cargo launched a new framework for green finance. The framework was designed to provide Green Cargo with access to green finance, meaning finance that is compatible with specific criteria to ensure that consideration is given to the environment and climate. The framework is based on ambitious goals for fossil-free transportation and energy efficiency in relation to tonne kilometrage carried out.
The framework is based on specific principles for green bonds. The principles state how green bonds and debt are to be used to finance climate-smart and environmentally sustainable solutions. This is compatible with Green Cargo’s ambition to reduce its climate impact and contribute to the SDGs in the 2030 Agenda. The new framework also strengthens a long-term and close relationship with lenders and banks. The goal is for the majority of new financing going forward to be classified as green or otherwise related to sustainability.
Green Cargo Sustainable Finance Framework 2023 (eng) » Pdf, 754 kB.
CICERO Shades of Green
To ensure that the green framework meets ambitious sustainability requirements, the independent analysis institute CICERO Shades of Green issued an opinion on the framework. They awarded the framework the highest certification (“Dark Green”) for the green terms and “Good” for governance.