All agreed loans

Poland. Skanska Financial Services AB

Date of loan: 26 Jun 2017
Country: Poland
Customer: Skanska Financial Services AB
Amount in USD: USD 100 million
Amount in EUR: EUR 89.43 million
Maturity: 7 years
NACE sector / loan type: Construction
Business area: Industries and services

Environmental effect

This loan contributes to climate change mitigation: 100%

Financing from NIB Environmental Bond proceeds

Share of financing: 100%
Amount disbursed: EUR 86 million

Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds

Project

The loan has been provided to finance the development and construction of five office buildings in Warsaw and Wrocław, Poland. The facilities will be certified according to the Platinum level under the LEED standard for environmental buildings.

The office buildings will be situated in central locations close to public transport connections.

Skanska AB is a world-leading construction and project development group, focused on commercial properties, residential and infrastructure projects. Skanska operates in selected home markets in the Nordics, Europe and North America. The company employs around 41,000 people and is listed on the Nasdaq Stockholm.

Fulfilment of NIB's mandate

Competitiveness:

The construction of the five LEED-certified premises in Poland will support Skanska’s strategy to maintain its position as a global leader in energy-efficient buildings. Investments in sustainable business practice in premium locations like Warsaw and Wrocław is expected to generate high reference value and a competitive advantage for Skanska, and prepare for expansion into less mature markets.

Environment:

The project is assessed to promote sustainable building practice, providing clients and tenants with resource-efficient options in LEED Platinum-certified facilities. As the housing and building sector accounts for approximately 40% of energy use in the EU, sustainable construction practice is expected to lower overall energy consumption.

Sustainability summary

No significant negative environmental impact is expected to occur during construction.