Volvo arranges green finance framework, may issue green bonds, loans

By Devika Patel

Knoxville, Tenn., Nov. 5 – Volvo has created a green finance framework under which it could issue green bonds, green commercial paper and green loans, according to a press release.

The proceeds will be earmarked for research and development and manufacturing of electric vehicles, machines and engines with zero tailpipe emissions. Proceeds will also be used by Volvo Financial Services to offer green loans to customers who buy Volvo's electric products.

Volvo is a Gothenburg, Sweden-based luxury car-maker which is owned by China's Zhejiang Geely Auto Group.

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