SPECIAL ACCOUNT
An amount equal to the net proceeds of the issue of the Green Bonds will be credited to a
special account that will support SCA’s lending for Eligible Projects. In connection with
funding of Eligible Projects, SCA will make necessary notes as to the amount of the net
proceeds that has been utilised for Eligible Projects and the amount of the net proceeds, if
any, which remains for disbursement in respect of Eligible Projects. SCA will maintain such
record keeping as long as the Green Bonds are outstanding or (if longer) until all of the net
proceeds have been utilised to fund Eligible Projects.
ELIGIBLE PROJECTS
"Eligible Projects" means a selected pool of projects funded, in whole or in part, by SCA that
promote the transition to low-carbon and climate resilient growth as determined by SCA.
Eligible Projects target climate mitigation and include renewable energy, energy efficiency
and sustainable environment.
List of Eligible Projects sectors
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Renewable energy
o Wind power
o Geothermal
o Biomass boilers, sludge incinerators and combined heat and power
production (CHP)
Fuel-switching from carbon-intensive fuels to biofuels
Biofuel from forest waste
Energy efficiency
o Energy savings according to SCA’ ESAVE programme (including
replacements of pumps, compressors, fans or lighting)
o Investments in production technologies and manufacturing process
Water & waste management
Sustainable forestry
SELECTION OF ELIGIBLE PROJECTS
The Eligible Projects are selected by SCA’s Environmental Affairs and Energy Department
together with the Treasury Department, see appendix for workflow.
Environmental Affairs, which is part of Corporate Sustainability, works with company priorities,
policies and targets associated with group environmental and resource performance.
Energy department, which is part of Treasury group in Group Finance, are responsible for
commercial questions related to energy.
TRANSPARENCY
To enable investors to follow the development and to provide insight to prioritised areas SCA
will provide an annual investor letter including (1) a list of projects financed, (2) a selection of
project examples and (3) a summary of SCA’s Green Bond development. The investor letters
will be available on SCA’s webpage.