Traton introduces new green financing framework
With this Green Finance Framework, Traton aims to attract investors who are specifically interested in financing electric commercial vehicles. The initiative is intended to have an impact across the entire group and covers the entire value chain “from development and production to charging infrastructure and financial services,” according to the commercial vehicle manufacturer, which has major European subsidiaries in MAN and Scania.
“Traton is committed to driving the transformation of commercial transport through sustainable innovation,” stated Christian Levin, CEO of Traton Group and Scania. “With our Green Finance Framework, we align our financing strategy with global climate goals and offer investors a transparent, forward-looking platform to support the transition to battery-electric mobility.”
The framework is designed to enable investors to advance Traton’s investments in battery-electric mobility through several ‘green financing instruments’, including green bonds, loans, promissory note loans and asset-backed securities. The framework is in line with the latest international standards and ensures that the proceeds are used exclusively for suitable green projects related to battery-electric commercial vehicles, the company assures.
A Green Finance Committee, embedded in the Group’s existing governance structure, is responsible for selecting, evaluating and monitoring investments. And Traton states that it ensures transparency with an annual report on the use of financial resources and their impact.
This article was first published by Cora Werwitzke for electrive’s German edition.
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