Reykjavík Energy has issued green bonds that have been listed on the NASDAQ Iceland market for sustainable bonds.
SDGs related to the project
Project description
OR's Green Bond Offering - news item;OR's green bonds listed on the NASDAQ Iceland market for sustainable bonds - news item
Objectives of the project
The purpose of the issuance is to finance the many green projects that are in the works at OR and its subsidiaries Veitur and ON. These include energy production from renewable energy sources, such as electricity production and expansion of geothermal heating utilities, water conservation and improvements to sewage systems, smart utility systems and ambitious carbon sequestration projects.
When is the target expected to be achieved?
In July 2019, OR's green bonds were listed on the NASDAQ Iceland market for sustainable bonds.
Measurement of performance
In July 2019, OR's green bonds were listed on the NASDAQ Iceland market for sustainable bonds.
Project progress
1 February 2021
On 16 March 2020, a Performance Report was published on OR's green bonds. It is only available in English.
13 March 2023
In 2020, OR's debt issuance framework was changed. It is now a Green Financing Framework and therefore includes not only bond issuance but also loan financing for green projects.
Annual reports have been published since it took effect and can be found on Reykjavík Energy’s website.