Press release -
KommuneKredit launches updated Green Bond Framework
Today, KommuneKredit launches an updated and strengthened Green Bond Framework. With this Green Bond Framework, KommuneKredit aims to set an even higher standard for its green financing as well as its support of the local green transition in Denmark.
KommuneKredit has high ambitions when it comes to supporting the local green transition of its members through sustainable finance offerings. Since 2017 KommuneKredit has issued a total of more than 2.5 bn EUR in green bonds – funding more than 500 green loans.
KommuneKredit’s Green Bond Framework has been updated to further support the local green transition in Denmark. The framework has been strengthened by
- sharpening the green loan eligibility criteria,
- improving the impact reporting methodology,
- mapping the SDGs to our green loan categories,
- committing to an external post issuance review of the annual allocation reporting,
- conducting a taxonomy mapping of the Green Bond Framework 2022.
In connection with the launch of KommuneKredit’s Green Bond Framework 2022 Managing Director and Chairman of KommuneKredit’s Green Bond Committee, Henrik Andersen, says:
“I am very proud of the result that we have accomplished with our updated Green Bond Framework. It emphasizes our high ambitions and our desire to further support the development of a transparent and strong green capital market for the benefit of the green transition”.
He continues: “Not only is our updated framework aligned with the new market standards. With the expansion of the loan categories, more projects can now be financed with green loans from KommuneKredit in support of the green transition in the Danish municipalities and regions”.
Excellent governance score and Medium Green Shading
In line with best market practice, CICERO Shades of Green has assessed the updated framework and provided it with a second party opinion.
CICERO found the framework to be aligned with the Green Bond Principles of ICMA and acknowledged it with an overall Medium Green shading and an Excellent Governance score – the best available governance rating.
More information
Please find KommuneKredit’s Green Bond Framework 2022 and a brief video introduction to the key elements of the new framework here.
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KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.
The association is the municipalities and regions own credit institution and exist solely for our clients.
