Teollisuuden Voima Oyj’s first Green Bond report has been published
Teollisuuden Voima Oyj (TVO) has published its first Green Bond report. The report describes the use of proceeds from the EUR 280 million worth of Green Bonds (US Private Placement) issued in December 2023 as well as the assessed environmental impacts of the use of the funds.
The Green Bonds issued in December 2023 were the first issuance under the Green Bond Framework established by TVO in the summer of 2023.
- The funds from the issue were used for environmentally friendly electricity production projects at the Olkiluoto 3 plant unit in Olkiluoto to promote stable electricity production. Electricity produced with nuclear power significantly supports the objectives of the Paris Climate Agreement and promotes the UN’s important Goals of Sustainable Development, explains Lauri Piekkari, SVP of Treasury for TVO.
TVO’s Green Bond Report 2023 and the independent Assurance Report are available in English on the website of TVO https://www.tvo.fi/en/index/investors/financialpublications.html and the Green Finance Framework TVO - Debt programmes.
For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, TVO, tel. +358 (0) 50 357 8623.