Fossil free energy from Vattenfall enables reduced emissions in Orthex’s production

Vattenfall delivers 100 percent fossil free hydro power to Orthex´s factories in Sweden and Finland. This is an important part in Orthex´s ongoing sustainability work and goal to be carbon neutral in production by 2030. Last year, Vattenfall and Orthex Corporation, a leading Nordic producer of household products, signed an electricity supply agreement of 100 percent electricity from hydro power labelled EPD (Environmental Product Declaration) to the factory in Lohja, Finland. As of 2021 Vattenfall also delivers 100 percent electricity from hydro power labelled EPD to Orthex´s factories in Gnosjö…

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Vattenfall and CAKE join forces to develop the first fossil-free motorcycle

Vattenfall and the Swedish manufacturer of electric motorcycles CAKE have signed a letter of intent to share expertise and know-how in their respective fields of competence with the aim to develop the first fossil-free electric motorcycle. The collaboration combines cross-scientific competences between Vattenfall and CAKE, as well as specialists from outside, on the journey towards the fossil-free motorcycle that should be ready for series production in 2025. “This collaboration is an excellent example of how we can contribute with fossil-free know-how and supply chain expertise in a specific product that drives…

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Vattenfall issues GBP 250 million green hybrid bond

Vattenfall has successfully issued a GBP 250 million green fixed-rate hybrid bond. The issue was almost five times oversubscribed and the proceeds will finance investments that contribute to Vattenfall’s goal of enabling fossil-free living within one generation. This is Vattenfall’s first hybrid bond issued in GBP and also the first GBP issuance under the Green Bond Framework, published in 2019, where proceeds from the bonds are earmarked for investments in the following four eligible categories: 1) renewable energy and related infrastructure, 2) energy efficiency, 3) electrification of transport and heat…

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Vattenfall’s Annual and Sustainability Report 2020: “Climate progress. It’s happening.”

Vattenfall’s Annual and Sustainability Report 2020 has been published. The report describes a year marked by a faster pace in the energy transition despite a tough and exceptional market situation. For Vattenfall the trend has been clear. That we talk about climate progress is no coincidence. “I feel secure that Vattenfall’s strategic direction – to enable fossil-free living within one generation – is right. This is not our sustainability strategy, it is our business strategy. And it is sustainable,” says Vattenfall’s CEO and President Anna Borg in her statement. The…

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Vattenfall issues SEK 3.5 billion in green hybrid bonds and announces results from tender offer

Vattenfall has successfully priced and settled SEK 3.5 billion of green fixed and floating hybrid bonds. The proceeds will finance investments that contributes to Vattenfall’s goal of enabling fossil-free living within one generation. Vattenfall has also repurchased SEK 2.8 billion of the outstanding SEK 6 billion hybrid bonds. This is Vattenfall’s first hybrid capital under the Green Bond Framework, published in 2019, where proceeds from the bonds are earmarked for investments in the following four eligible categories: 1) renewable energy and related infrastructure, 2) energy efficiency, 3) electrification of transport and…

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