Vilnius, Lithuania – The European Bank for Reconstruction and Development (EBRD) has invested €40 million in a €350 million green bond issuance by Akropolis Group, the Baltic region’s leading retail and entertainment platform. This strategic investment supports both the refinancing of the company’s existing Eurobond and the financing of a portfolio of certified green assets.
Issued under Akropolis Group’s Green Finance Framework, the bond aligns with the Green Bond Principles and Green Loan Principles of the International Capital Market Association (ICMA). The framework is also consistent with the EU’s Taxonomy Regulation, ensuring a “significant contribution” to climate and environmental goals.
The proceeds from the green bond will refinance a previously issued €300 million Eurobond, originally used to fund green real estate assets rated “Very Good” under the BREEAM certification system. Akropolis has reaffirmed its commitment to maintaining these sustainability standards, demonstrating ongoing dedication to environmentally responsible commercial development.
Transparent impact reporting is central to the bond structure. Akropolis has committed to publicly reporting on key environmental performance indicators, enabling investors to track the environmental impact of the assets financed through the bond.
“This investment reflects the EBRD’s firm commitment to fostering the development of capital markets and promoting sustainable finance in the Baltic region,” said the Bank. “It also builds on our long-standing partnership with Akropolis, which dates back to 2021.”
The investment marks another significant step in the EBRD’s broader green finance agenda and its role as a major institutional investor in Lithuania. To date, the EBRD has invested more than €1.8 billion in 143 projects across the country, with a strong focus on sustainability, private sector growth, and market resilience.
