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Disclaimer

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.

Cookies

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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 when it is required by law or when third 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

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

Kommuninvest has high ambitions regarding openness, traceability and transparency. At the same time, the company complies with regulations aimed at protecting the individual and its integrity. Much of the information pertaining to an individual is referred to as personal data. Personal data are defined as follows: Any information directly or indirectly attributable to a human being who is in life is regarded as personal data. Even images (photos) and sound recordings on individuals treated by computer can be personal data even if no names are mentioned. Encrypted data and various types of electronic identities, such as IP numbers, are counted as personal data if they can be linked to a physical person. This information describes Kommuninvest's considerations and regulations regarding the company's handling of personal information when you visit our websites or have other contacts with us. Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organization. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to all data that is held about you. By visiting our site, you agree to these privacy principles. If you do not agree to these data protection principles, stop using this site and refrain from phone contacts. We refer instead to mail correspondence, which is handled through the registrations department. 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 to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily when visiting the Kommuninvest website, when entering contracts, or when data is otherwise recorded about the preparation or administration of a contract (for example, about a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed by recording the call. 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 Protection Authority.  

Non-identifiable data

Kommuninvest may occasionally collect anonymous information about the use of its websites to improve the site and the services provided. These usage data may apply among others: the number of visits to the site and their length; the user's geographical position; usage rate of the site different sections; which technique is used; disturbances in the business. The data is not reviewed at an individual level without your express permission.  

Identifiable data

When Kommuninvest collects identifiable data, we strive to inform you as to the purpose for which the information is requested. Normally, this information is requested to answer your questions. Kommuninvest may share this type of information within the Group for the purposes mentioned in this information. Kommuninvest uses subcontractors to offer digital services. We may need to share your personal information with these for them to provide us with their services. Our subcontractors may not use this kind of personal data for any other purpose and we assume that their services are covered by privacy. Kommuninvest does not sell and does not exchange personal data with other companies for marketing purposes. Kommuninvest may contact you to complete customer satisfaction and market research.  

Personnel management

In an application or request relating to an employment advertised on our website or in any other medium, you may need to provide Kommuninvest personal information, such as your resume. Kommuninvest can use this information on all its units when making employment decisions or for purpose of the request. Kommuninvest can save the data for future use, unless you have prohibited this.  

Subcontractors in information management

In some situations, Kommuninvest uses subcontractors who collects, evaluates and otherwise handles data on our behalf. Kommuninvest's principle is that subcontractors commit to our data protection regulations. Normally this is governed by an agreement between Kommuninvest and our suppliers.  

The accuracy of your personal data

This site may not be used to publish or disseminate data protected by copyright or other equivalent rights without the permission of the proprietor, or otherwise in a way that is adversely, offensive or harmful to Kommuninvest or third parties. By submitting this type of information through the Website, you grant Kommuninvest the right to use, develop, produce, distribute, publish or transmit the information you send in whole or in part, and / or add the data sent from you without obligation and liability to other material or other products or services.  

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.

Comments on Kommuninvest's actions

You are welcome to contact Kommuninvest's complaint manager who takes care of your comments. Describe what you are not happy with and who you previously have had contact with. Kommuninvest i Sverige AB Klagomålsansvarig Box 124 701 42 Örebro

Kommuninvest green bonds help to avoid 515,000 tonnes of CO2

Some 150 green investment projects financed by Kommuninvest green bonds contribute to reduce or avoid nearly 515,000 tonnes in annual carbon dioxide emissions, according to the issuer’s second green bonds impact report. This corresponds to emissions of approximately 350,000 cars with an annual mileage of 12,000 kilometres.

The Swedish local government funding agency has built up a portfolio of 146 eligible green projects in 80 Swedish cities and regions, with commitments totalling SEK 26.6 billion (USD 3.2 billion) and disbursements totalling SEK 19.9 billion (USD 2.4 billion) as of 31 December, 2017.

The Kommuninvest green bonds impact report provides investors and other stakeholders with impact information regarding Swedish local government investment projects financed under the Kommuninvest Green Bonds Framework by year-end 2017. Among the green projects financed are the new surgery center at the main hospital in Karlstad, the Ängen wastewater treatment facility in Lidköping, the ecological residential district Aspö Ekologi in Skövde and the Wisby high school premises on the island of Gotland.

Tomas Werngren, President and CEO of Kommuninvest, is a strong proponent of impact reporting as part of a green finance programme.

– The opportunity for institutional investors and other stakeholders to receive information about funded projects and their expected environmental benefits are key in order to provide the end-investor, like a pension saver, with relevant information about his/hers savings. At a time when increasing emphasis is placed on the climate impact of of mutual funds and pension funds, this is important.

 

Report highlights and impact results

  • Three Kommuninvest Green Bonds issued in USD and SEK, totalling SEK 14.4 billion, of which SEK 14.4 billion was outstanding as of 31 December, 2017.
  • 146 Green Bond Eligible Projects with disbursements totalling SEK 19.9 billion and commitments totalling SEK 26.6 billion at 31 December, 2017.
  • Renewable energy: 39 renewable energy projects, totalling SEK 7.7 bn in disbursements (SEK 9.9 billion in commitments), are expected to result in 2.1 TWh of annual renewable energy generation capacity). This corresponds to the avoidance of 487,678 tonnes in annual CO2 emissions, or some 334,000 cars removed from the road.
  • Green buildings: 86 projects in green buildings, totalling SEK 9.8 billion in disbursements (SEK 12.7 bn in commitments), are expected to result in 26.3 GWh of reduced and/or avoided energy use, roughly equivalent to the energy requirements of ~240,000 m2 sq.m. of office space. This is expected in a reduction and/or avoidance of 3,693 tonnes of CO2 emissions annually, or a fully loaded Volvo long-haul truck with trailer traveling 74 times around the earth.
  • Energy efficiency in energy systems: Three projects, totaling SEK 0.2 bn in disbursements (SEK 0.2 bn in commitments) are expected to result in 110.8 GWh of reduced or avoided energy use, corresponding to the reduction/avoidance of 22,355 tonnes CO2 emissions annually. (~5,000 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, and adaptation measures: 18 projects, totalling SEK 2.2 billion in disbursements (SEK 3.8 bn in commitments) with broadbased impact. The impact of these projects is broadbased. In water management, they include:
  • reducing emissions of phosphorus, nitrogen and BOD emissions;
  • modernising sludge treatment:
  • reducing energy consumption in wastewater treatment;
  • increased production of biogas.

Download the Kommuninvest Green Bonds Impact Report, December 2017

 

Information to the editor

The Kommuninvest Green Bonds Impact Report, December 2017 is available for download as PDF, with project-by-project reporting also available in Excel. Impact is calculated and reported in accordance with recommendations outlined in the Nordic position paper on Green Bonds impact reporting (Nordic Public Sector Issuers: Position Paper on Green Bonds Impact Reporting). The calculation of what the emission reductions mean in everyday terms has been done in cooperation with SEI, the Stockholm Environment Institute.

 

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 early April 2018 Kommuninvest had built up a green loan book committing SEK 27.1 million in green funding to 153 investment projects in over 80 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 6 percent to 15-20 percent in a few years’ time.

Kommuninvest’s role as an aggregator and conduit issuer for cost-efficient funding of public sector investments has been recognized by the United Nations, which awarded Kommuninvest its United Nations ‘Momentum for Change’ Climate Solutions Award, in connection with the COP23 climate conference in Bonn, Germany, in 2017.

 

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