Nasdaq today launched its Green Designations program based on criteria in the Nasdaq Green Equity Principles which are based on developments within sustainable finance and input from stakeholders. The designations will support increased visibility toward investors looking for sustainable investments. According to the assessment done by CICERO Shades of Green, a Nasdaq approved reviewer,
Nasdaq Green Equity Designation is a voluntary designation for companies listed on Nasdaq Nordic markets. The companies approved for a designation must have turnover from more than 50% of activities that are considered green and turnover derived from fossil fuel activities must be less than 5 percent. In addition, the majority of the company's capital expenditures must be allocated to activities that are considered green. A qualitative assessment of the companies' alignment to Nasdaq Green Equity Principles is made by a reviewer approved by Nasdaq. CICERO Shades of Green has conducted a review of
"As part of Nasdaq's commitment to ESG, and based on the increased demand for sustainable investments, we launched Nasdaq Green Designations to support equity issuers with their green business models and strategies. We are pleased that
"We are pleased that Nasdaq is now offering us the opportunity to further clarify our sustainability value for our investors by, among other things, giving
For more information, please contact:
fredrik.westin@magnoliabostad.se
Marita Björk, IR and Financial Media Manager
+46 72 720 00 06, marita.bjork@magnoliabostad.se
https://news.cision.com/magnolia-bostad-ab/r/magnolia-bostad-s-shares-receive-green-designation-by-nasdaq,c3363593
https://mb.cision.com/Main/12686/3363593/1429586.pdf
https://news.cision.com/magnolia-bostad-ab/i/magnolia-bostad---nasdaq-green-designations-tower-image,c2923248
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