Press release -
Kommuninvest’s Green Bonds Programme is approved in annual review
Kommuninvest's Green Bonds Framework every year undergoes an external review. The aim is to provide assurance on the management of proceeds obtained when the bonds are issued. This year's assurance report, from Kommuninvest's external auditor KPMG, has now been finalized.
The framework is aligned with international guidelines, the so-called Green Bond Principles (GBP). An important recommendation is that issuers should use recurring external scrutiny to confirm that the green bonds meet key GBP criteria.
This spring, Kommuninvest has made three green transactions, two in EUR and one in SEK. Following the latest transaction, in June, Kommuninvest has a total of over SEK 60 billion outstanding in nine Green Bonds – five of which are in SEK, one in USD and three in EUR.
The Green Bonds proceeds are used to finance lending for green investments in the municipal sector. At the end of May, Kommuninvest had granted Green Loans totaling almost SEK 106 billion, for 601 investment projects in 190 municipalities and regions.
The report: Kommuninvest Green Bonds Assurance Report 2023
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 the start in 1986, the Kommuninvest collaboration has helped reduce the local government sector’s borrowing costs by many billion SEK. Currently, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of approx. SEK 550 billion (USD ~51 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.
