KommuneKredit’s Green Bond Committee approves DKK 3.1 billion in green loans
KommuneKredit’s Green Bond Committee has approved new green loans in the amount of DKK 3.1 billion. Including these recent approvals, which emphasizes the development of the green transition in the Danish municipalities and regions, the committee has approved green loans for a total of DKK 22.4 billion.
Last week, KommuneKredit’s Green Bond Committee approved green loans in the amount of DKK 3.1 billion. The committee is tasked with ensuring that a loan is classified as green in accordance with the association’s Green Bond Framework. The committee consists of two employees from KommuneKredit as well as two external members. The external members are Mr. Carl Hellmers, CEO of the utilities company Fredericia Forsyning, and Mr. Hans-Martin Friis Møller, CEO of the utilities company Kalundborg Forsyning – both of whom possess technical expertise and practical experience from the utilities sector.
KommuneKredit is pleased to be able to underpin the green ambitions of the municipalities and regions with the new loans. Responsibility is a cornerstone of KommuneKredit’s business, which makes it natural for the association to underpin the ambitions of the world around us in terms of the green transition.
What is a green loan?
KommuneKredit has issued green loans to the Danish municipalities and regions since 2017, and at year-end 2019 the association had approved 410 green loans in total. A green loan is a loan, which is financed by KommuneKredit’s green bonds. The loans vary in size from DKK 120.000 to DKK 1.520.000.000 and are granted to projects across the country. Both national and international investors buy the green bonds, which are earmarked for environmental and climate-friendly investments within the categories of district heating, water and waste water management, clean public transportation and energy efficiency.