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Second Party Opinion: Solör Bioenergi Holding AB's Green Finance Framework

Solör Bioenergi utilizes renewable energy generation from biofuels for its local and district heating operations. This promotes circular economy practices. The company's recycling facilities allow it to repurpose forestry waste as an energy feedstock, thus reducing waste associated with their suppliers' existing forestry operations. Some eligible projects may carry obsolescence risk as they recover waste heat from industries related to fossil fuels. While Solör Bioenergi will not finance the acquisition of fossil fuels under its framework, its waste heat collection activities from petroleum and petroleum gas-reliant industries may risk valorizing unsustainable practices. At the same time, as we understand, waste heat recovery would only constitute a minor proportion of expected proceeds allocation.