30. jan 2020
Reykjavik Energy (OR) has been listed on the Nasdaq Sustainable Bond Network (NSBN), a global platform for sustainable, green and social bond issuers. Reykjavik Energy is the first Icelandic company to be listed on the network.
The goal of NSBN is to offer investors access to information about sustainable, green and social bond issuers for investment due diligence, selection and monitoring. Demand for these asset classes is growing and therefore it is increasingly important that investors can connect and compare sustainable bonds across regions, evaluate opinions on green bond frameworks and access aggregated documentation in a centralized, public platform.
OR‘s goal is to facilitate access to the company‘s bonds in order to diversify the investor base, with the ultimate aim of achieving favorable pricing. At a meeting earlier this week, Ingvar Stefánsson, CFO at Reykjavik Energy, stated that green bond issuance is the main focus of the company and will most likely be the company‘s primary funding source in the bond market going forward. This is achievable as nearly all of the company‘s investment projects have a positive impact on the environment.
At the meeting, hosted by Reykjavik Energy, University of Iceland School of Business and IcelandSIF -Iceland Sustainable Investment Forum, Dr. Ahmad A. Rahnema, Professor of Financial Management at the IESE Business School in Barcelona, discussed the growth in green, social, and sustainable bonds worldwide.
The meeting was extremely well attended. A recording from the meeting is available here.