Green Bond Fact Sheet

This fact sheet details a EUR 100 million green bond issued by University Properties of Finland (SYK) on November 2, 2018, to finance sustainable building projects and infrastructure.

• University Properties of Finland (SYK) issued a green bond on November 2, 2018, with a total amount of EUR 100 million (USD 114 million) and a maturity date of November 2, 2023.
• The bond proceeds are designated for specific green criteria: buildings certified as BREEAM Very Good with energy use 15% lower than the Finnish national building code, energy efficiency projects achieving at least 25% reductions in energy use, electric vehicle infrastructure, and renewable energy solutions.
• SYK is the first Finnish corporate entity to enter the green bond market. This issuance contributed to a cumulative total of USD 1.4 billion for Finland as of 2018.
• The issuer will provide reporting via an annual Green Bond Investor Letter, which will be audited by an external auditor. This reporting will include a list of financed projects, allocated amounts, expected impacts, and the split between new and refinanced projects.
• The Climate Bonds Initiative noted that energy efficiency improvements applied to fossil fuel technologies are ineligible under the green bond framework.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-12%20FN%20University%20Properties%20of%20Finland.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-12%20FN%20University%20Properties%20of%20Finland.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=2 November 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-12%20FN%20University%20Properties%20of%20Finland.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2018-12%20FN%20University%20Properties%20of%20Finland.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }