Press release -
Kommuninvest joins Nasdaq Sustainable Bond Network
The market for sustainable financing is getting increasingly important in the transition to a sustainable society. The volumes and the number of actors have grown rapidly in recent years. For a larger market to operate rationally, there is a need for more transparency and better overview.
A crucial tool in this market is impact reporting. This is needed to clarify the environmental and social values of various investments and to enable proper communication between the institutional investors and their end customers – such as fund and pension savers. As early as 2016, Kommuninvest initiated the Nordic collaboration effort that resulted in the publication and update of the Nordic Position Paper on Green Bonds Impact Reporting.
The Nasdaq Sustainable Bond Network, launched in December 2019, is a publicly available web platform for green, social and sustainable bonds. At this platform, sustainability-oriented issuers publish data, and related impact reports, for their offer of specific bonds. In this way, sustainability-oriented investors, in a coherent and efficient format, get the information they need to act in the market and report to end customers.
Kommuninvest has now decided to join the platform. Given how the market has developed, this is a logical step.
- As a keen advocate of green bonds impact reporting, we are happy to join the Nasdaq Sustainable Bond Network. We are particularly proud to see that the platform builds its indicator set on the recommendations outlined in the Nordic Position Paper on Green Bonds Impact Reporting, says Björn Bergstrand, Head of Sustainability at Kommuninvest.
For further information
Björn Bergstrand, Head of Sustainability, +46 708 86 94 76, e-mail: bjorn.bergstrand@kommuninvest.se
David Ljung, Head of Communications, tel: +46 73-068 45 45, e-mail: david.ljung@kommuninvest.se
Topics
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 291 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institutions in Sweden. The head office is located in Örebro.
