Press release -
KommuneKredit announces responsibility report – green transition and sustainability play a central role
Responsibility is an integrated part of KommuneKredit's business model. The association supports local development and growth by funding local investments in construction and infrastructure, including the green transition of the society. This is done on a nonprofit basis and on equal terms regardless of location.
The Danish municipalities and regions are in the process of planning and implementing green transition initiatives; initiatives that KommuneKredit supports by providing funding at the lowest possible cost. The initiatives are green and climate-friendly investments in local communities, for example climate adaption, coastal protection, public transportation, energy optimization of public buildings and sustainable utilities.
In 2019, KommuneKredit issued its third green bond (EUR 500m) and has introduced a certificate for green loan borrowers. Furthermore, the association, among other things, abolished the use of plastic water bottles in-house, integrated UN’s sustainable development goals into its work with social responsibility and achieved an improved ESG-rating (Environment, Social, Governance). In 2020, sustainable financing will play a central role in our business development. One ambition is to increase the issuance of green bonds.
”KommuneKredit plays a significant role in funding the local green transition of our society. For this reason, it is natural for us to step up our efforts on sustainability and green financing, which are key elements in our coming strategic development,” says KommuneKredit’s CEO Jens Lundager.
KommuneKredit creates value for society – also during times of crisis
As a result of COVID-19, the Danish Government has lifted the 2020 cap on the local governments’ capital investments paving the way for increased construction and renovation activity in municipalities and regions.
”We can cover the funding needs of our members – also during the present situation where the financial markets are unstable. KommuneKredit is a safe haven also during times of crisis,” adds Jens Lundager.
You can read more about KommuneKredit’s sustainability initiatives in the association’s newly published Responsibility Report 2019.
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KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.
The association is the municipalities and regions own credit institution and exist solely for our clients.
