Press release -
Kommuninvest’s Green Bonds Programme is approved in external review
Kommuninvest's Green Bonds Framework every year undergoes an external review. The aim is to continuously provide assurance on the management of proceeds obtained from the issuance of these bonds. This year's assurance report, from Kommuninvest's external auditor KPMG, is now available.
The Green Bonds Framework is aligned with international guidelines, the so-called Green Bond Principles (GBP). There is a recommendation that issuers should use recurring external scrutiny to confirm that the green bonds meet key GBP criteria.
Kommuninvest is Sweden's largest issuer of Green Bonds. At the beginning of June, the 13th green transaction was carried out. After that transaction, Kommuninvest has a total of around SEK 52 billion outstanding in seven Green Bonds, five of which are in SEK and two in USD.
The Green Bonds proceeds are used to finance lending for green investments in the municipal sector. At the end of June, Kommuninvest had granted Green Loans, totaling approximately SEK 78 billion, for over 470 investment projects in more than 170 municipalities and regions.
Please find attached below the Kommuninvest Green Bonds Assurance Report 2021, including an appendix.
For further information
Björn Bergstrand, Head of Sustainability, tel: +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, 293 municipalities and regions are members of this voluntary cooperation. With a balance sheet total exceeding SEK 525 billion (USD ~62 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.
