Elisa established European Medium Term Note (EMTN) Programme in 2000. Programme is updated annually and it is the main source for medium and long term funding.
As a part of this commitment, we signed our first Sustainability Linked RCF in 2021, and established a Sustainability Finance Framework in 2022 to support the company's sustainability goals. Elisa can issue bonds and other financial instruments to finance or refinance sustainable investments and projects in accordance with the Framework.
In addition to Elisa's climate goals, the Sustainability Finance Framework includes areas of digital and social responsibility. The Sustainable Finance Use of Proceeds categories are:
Elisa details the allocation of Sustainability Financing net proceeds annually on this website.
Elisa has worked together with Handelsbanken Capital Markets to develop this Sustainability Finance Framework. Sustainalytics has provided a second party opinion on the framework. The Sustainability Finance Framework is based on the Green Bond Principles, the Social Bond Principles, the Sustainability Bond Guideline, all as published by the International Capital Market Association (ICMA), as well as on the Green Loan Principles and the Social Loan Principles, each as published by the Loan Market Association.