Press release -
Correction of Kommuninvest Green Bonds Impact Report 2023
On April 11, 2024, Kommuninvest published its annual Green Bonds Impact Report, in which the climate benefit from the municipal investment projects financed with Green Loans from Kommuninvest is reported. As a consequence of incorrect proxy calculations within the project category Green buildings, the reduced climate impacts is incorrectly reported for several projects. Kommuninvest is therefore publishing a corrected report. It also includes corrections of certain information regarding the project categories water management and waste management.
Overall, the adjustments mean that the total reduced climate impact from financed projects in the 2023 report amounts to 667,543 tons of CO2 equivalents, compared to the previously reported 668,485 tons.
Changes in the report
| Indicator | Corrected 8 July 2024 | Published 11 April 2024 |
| Annual greenhouse gas emissions savings, tCO2e | 667,543 | 668,485 |
| - Whereof avoided annual emissions, tCO2e | 611,518 | 612,497 |
|
- Whereof reduced annual emissions, tCO2e | 56,025 | 55,988 |
| Impact in tonnes CO2e, per SEK million in Green Loan disbursements | 9.5 | 9.6 |
| Green buildings – Project category indicators1: | ||
| Energy savings in green buildings, GWh | 62,6 | 63,7 |
|
- Whereof avoided annual emissions, tCO2e | 49,7 | 51,6 |
|
- Whereof reduced annual emissions, tCO2e | 12,9 | 12,1 |
| Total GHG emissions reduced/avoided tCO2 per year | 6,662 | 7,541 |
| Renewable energy production, MWh per year | 4,802 | 7,238 |
| Energy reduced and avoided, MWh per year | 62,556 | 63,316 |
| Waste management – Project category indicators: | ||
| Outstanding disbursed amounts to projects, SEK million | 804 | 11,652 |
| Water management – Project category indicators: | ||
| Outstanding disbursed amounts to projects, SEK million | 11,652 | 804 |
| Annual renewable energy generation, MWh | 3,285,645 | 3,288,081 |
| Annual energy reduced/avoided | 174,277 | 175,037 |
1 For Green buildings, additional amendments on a more granular level have been made, emanating from amendments at the project level.
The report and attachment
Green Bonds Impact Report, 2023 – corrected
Green Bonds Project by project reporting 2023 – corrected (Excel)
Contact information
Björn Bergstrand, Head of Sustainability, tel: +46 (0) 708 86 94 76, e-mail: bjorn.bergstrand@kommuninvest.se
David Ljung, Chief Lending and Advice Officer, tel: +46 (0) 73-068 45 45, e-mail: david.ljung@kommuninvest.se
Victoria Preger, Head of Communications, tel: +46 (0) 702 66 87 26, e-mail: victoria.preger@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 more than SEK 600 billion (USD ~55 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.
