The content of this section is intended for investors and for informational purposes only. The content is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Kommuninvest does not make representation or warranty (express or implied) of any nature or accept any responsibility or liability of any kind for accuracy or sufficiency of any information, statement, assumption or projection in this information, or for any loss or damage (whether direct, indirect, consequential or other) arising out of reliance upon this content. The reader of the information of this section is solely responsible for making its own independent appraisal of the contents herein.


A ‘cookie’ is a small text file that a website asks to be saved on the visitor’s computer. Cookies are used on many websites to allow visitors to use various functions. Information contained in cookies can also be used to track the surfing of a user on websites that use the same cookie.

There are two kinds of cookie. One kind saves the file for a long time on the visitor’s computer; this cookie has an expiry date.When the expiry date has passed, the cookie is deleted when the user returns to the website that created it.The second kind of cookie is called a ‘session cookie’ and does not have an expiry date. This cookie is temporarily stored in the memory of a user’s computer while the user is surfing on a site, for example to keep track of which language the user has chosen. A session cookie is not stored in the user’s computer for a long period of time, but disappears when the user shuts down their web browser.

Google Analytics

Kommuninvest website uses Google Analytics, a web analytics service provided by Google. Google Analytics use cookies and the information generated by them, through your use of this website (including your IP address), will be transmitted to and stored by Google on servers in the United States. This information is used to evaluate visitor statistics. Kommuninvest, for example, use reports from the visits on the web site to improve content, navigation and structure.

Google may also transfer this information to third parties whenit is required by law or whenthird parties process the information on Google's behalf. Google will not associate IP addresses with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings in the browser (see below). By visiting Kommuninvest´s site, you agree that Google processes personal information in the manner and for the purposes described above.

How to avoid cookies

If you do not wish to accept cookies, your web browser can be set to automatically deny the storage of cookies or to inform you every time a website requests permission to store a cookie. Previously stored cookies can also be deleted via the web browser. Visit the web browser’s help pages for more information.

If you have any questions about this don’t hesitate to contact us.

Information regarding the treatment of personal data by Kommuninvest i Sverige AB

There are provisions contained within The Personal Data Act (“personuppgiftslagen” 1998:204) regarding the way in which personal data should be treated. The purpose of this legislation is to protect individuals from having their privacy violated via the processing of their personal data. The term “personal data” in this context refers to any information that can directly or indirectly be attributed to a living human being.

Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organisation. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to any and all data that is held about you. Please feel free to get in touch with us if you need any further information about this by using the contact details below.

Personal data that is being managed

Kommuninvest processes personal data for the administration and execution of contracts that are in force, and also in order to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily in connection with visits to the Kommuninvest website, when entering into contracts, or when data is otherwise recorded in connection with the preparation or administration of a contract (for example, in connection with a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed because such telephone calls are recorded. Kommuninvest may also supplement personal data by obtaining further information from public records.

Personal data may be disclosed in certain situations where Kommuninvest is obliged by law to provide information to an agency, for example the Swedish Financial Supervisory Authority, or the Swedish Data Inspection Board.

Transcript from register and the rectification of errors

Once a year you can, free of charge, request a transcript from Kommuninvest whereby you will receive information on the personal data about you that is being held, where this data came from, why it was obtained, the purpose for which it is being held, and to whom any data may be disclosed. If you would like to be sent such a transcript, please send a written request, signed by you, to the address you will find below. You can notify us at the same address if you no longer wish to receive information from Kommuninvest, or if you would like to request the correction of some erroneous or incomplete personal data.

Kommuninvest releases its first Green Bonds Impact Report

Kommuninvest has published its first green bonds impact report, following the introduction of Kommuninvest Green Loans to clients in 2015, the subsequent build-up of a portfolio of eligible assets, and the issuance of two green bonds throughout 2016. The objective of the report is to provide investors and other stakeholders with information on the impact of some 80 Swedish local government investment projects financed under the Kommuninvest Green Bonds Framework by year-end 2016.

Report highlights and impact results

  • Two Kommuninvest Green Bonds issued in USD and SEK, totalling SEK 10.0 billion, of which SEK 10.0 billion was outstanding as of 31 December, 2016.
  • 81 Green Bond Eligible Projects with commitments totalling SEK 17.8 billion and disbursements totalling SEK 14.5 billion at 31 December, 2016.
  • Renewable energy: SEK 8.6 billion in commitments (SEK 7.1 bn in disbursements) to 27 renewable energy projects is expected to result in 1.7 TWh of annual renewable energy generation (~half of the energy production of the average Europan coal-fired power plant). This corresponds to the avoidance of 395,730 tonnes in annual CO2 emissions (~85,000 cars removed from the road).
  • Green buildings: SEK 6.6 billion in commitments (SEK 6.0 bn in disbursements) to 41 projects in green buildings, expected to generate 14.8 GWh of energy savings (roughly equivalent to the energy requirements of 150,000 m2 sq.m. of modern office space, or about 1.5 times the Mall of Scandinavia in Stockholm) and resulting in an expected annual reduction in CO2 emissions corresponding to 2,020 tonnes (~the latest Scania truck model driving 62 times around the world).
  • Energy efficiency in energy systems: SEK 0.2 bn in commitments (SEK 0.2 bn in disbursements) to 3 projects, expected to result in 21,510 tonnes in annual CO2 emissions savings (~3,500 Swedish citizens becoming completely carbon neutral). Projects are related to energy efficiency measures in local district heating systems.
  • Water and wastewater management, public transport, waste management: SEK 2.4 billion in commitments (SEK 1.2 bn in disbursements) to 10 projects. The impact of these projects is broadbased, and includes:

– a reduction in harmful substances from wastewater treatment and expansion of access to municipal wastewater for additional 23,000 people (PEs);

– increased capacity of local public transport networks and 6 million car kilometres avoided;

– improved waste management and energy extraction by optical sorting.


Download the Kommuninvest Green Bonds Impact Report, December 2016


About the Kommuninvest Green Bonds Framework

Under its Green Bonds Framework, Kommuninvest provides lending to Swedish municipal investment projects in eight areas, including renewable energy, energy efficiency, green buildings, public transport, water management and waste management. By mid-March 2017 Kommuninvest had built up a green loan book amounting to SEK 19.4 billion (USD 2.2 billion), committing funds to some 95 investment projects in 50 Swedish municipalities and county councils/regions.

Kommuninvest expects to continue to grow its green loan portfolio, and to be able to be a frequent issuer of green bonds, in multiple currencies. Looking at the pace and direction of Swedish local government investment, Kommuninvest expects to grow its green lending portfolio from currently around 5 percent to 15-20 percent in a few years’ time.

Kommuninvest’s role as an aggregator and conduit issuer for cost-efficient public sector investments has been recognized by the OECD, in its report “Green Bonds: Country Experiences, Barriers and Options” published in 2016 in support of the G20 Green Finance Study Group.

More information

Please visit our Green Bonds web page

About Kommuninvest

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, 277 municipalities and 11 county councils/regions are members of this voluntary cooperation. With total assets of around SEK 350 billion, Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.

Contact information

Björn Bergstrand
Senior Investor Relations Manager / Head of Sustainability
tel: +46 (0)70-886 94 76
email: bjorn.bergstrand@kommuninvest.se