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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.
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.
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.
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
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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
701 42 Örebro
PRESS RELEAS: Kommuninvest achieves lower funding cost with green bond
Kommuninvest has issued its fourth green bond, and its second in Swedish krona. On Monday, the Swedish local government debt office issued a 3.6 year SEK 3 billion green bond in an oversubscribed transaction that enabled the issuer to price it at 3 b.p. inside its regular Swedish krona benchmark curve. The transaction was the second largest green bond in Swedish krona this year.
The new green bond attracted both domestic and international institutional investors, including Affirmative Investment Management, AI Pension, AP7, Blackrock, Danske Capital, the Folksam Group, Länsförsäkringar Bank, Nordea Asset Management, PostFinance AG, Raiffeisen KAG, SEB Asset Management, Swedbank Robur and Öhman Asset Management.
Since Kommuninvest launched its green finance programme in June 2015, SEK 17.4 billion has been issued in green bonds, making Kommuninvest the largest Swedish issuer. Four green bonds have been issued so far, two of them in Swedish kronor and two in US dollars. Monday’s transaction from Kommuninvest was the second largest in Swedish kronor in 2018. The final order book amounted to SEK 4.5 billion, with participation from both domestic and international investors.
Kommuninvest green bonds finance lending to investment projects in some 80 Swedish municipalities and county councils/regions, including 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.
According to the issuer’s impact report, investment projects financed by Kommuninvest green bonds contribute to reduce or avoid nearly 515,000 tonnes in annual carbon dioxide emissions. This corresponds to emissions of approximately 350,000 cars with an annual mileage of 12,000 kilometres.
Comment from Christian Ragnartz, Head of Debt Management at Kommuninvest:
– The green bond market is growing strongly and we are pleased to be able to contribute with this year’s second largest transaction in Swedish kronor. Investors include reputable green investors, both Swedish and international. The fact that investors are willing to accept a reduced yield for green demonstrate the tangible value of sustainability, and makes it easier for Kommuninvest to support the green transition of the municipal sector.
– Looking at the pace and direction of Swedish local government investment, we see a lot of potential for further growth in green lending, says Christian Ragnartz. We estimate that, in a few years, 15-20 percent of our lending will finance green projects, compared with just over 6 percent today.
Tomas Werngren, Kommuninvest’s President and CEO, believes that local government entities can provide significant contributions towards greening financial markets, which by world leaders has been identified as an important component to achieve global climate objectives.
– Green bonds have been identified as important enablers to finance the investments necessary to achieve the Paris agreement objectives. The municipal sector invests in excess of SEK 150 billion a year, often in climate and environment-related projects such as buildings and energy infrastructure, he says. The fact that so many municipalities now choose Green loans for their investments is testament to a strong interest in showcasing measures taken to address local and global climate challenges.
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.
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.