Castellum retains its Green Equity Designation from Nasdaq
Once again, Castellum has met all the conditions for securing the Green Equity Designation on Nasdaq Stockholm and remains one of a few major property companies in the Nordics to be approved and classified as such.
“With Nasdaq’s green designation of Castellum’s share, we clearly show the investor market that Castellum’s operations are leading the way and making a difference in the greatest challenge of our time, and we are helping investors to make conscious choices,” says Joacim Sjöberg, Chief Executive Officer of Castellum AB.
The purpose of Nasdaq’s Green Equity Designation is to provide increased visibility for investors who are looking for sustainable investments. To meet the criteria for a green share, at least 50 per cent of sales and 50 per cent of investments must be considered green, and less than 5 per cent of assets can be linked to fossil fuels.
Every year, the companies that have applied for Nasdaq’s Green Equity Designation are reviewed. This year, Castellum hired the analytics company S&P Global Shades of Green as the external party for the review. S&P Global Shades of Green reports that 58 per cent of sales and 83 per cent of investments meet the requirements for being considered green.
“Interest in investing sustainably has increased markedly in recent years. This is gratifying news, since green investments will be crucial for reaching our shared global climate targets,” says Filip Elland, Chief Sustainability Officer, Castellum AB.
For further information, please contact:
Joacim Sjöberg, CEO Castellum AB, phone: +46 8 503 052 00
Filip Elland, Chief Sustainability Officer Castellum AB, +46 70 320 63 26
