2023 was an exciting year for KommuneKredit
Listen to CEO Jens Lundager talk about 2023 at KommuneKredit - and the very special event we look forward to celebrating in 2024.
See introduction to Annual Report 20232023 facts
A new Act on KommuneKredit, the issuance of our 8th green bond, progress on our 9 strategic ESG goals, and loans and leasing totalling DKK 190 billion at year-end. These were some of the milestones for KommuneKredit in 2023. Below, you can read about the year at KommuneKredit, find our latest annual report, and see our CEO and Managing Director present the year's highlights.
Working with green bonds
In 2023, we issued bonds for a total of 41.5 billion DKK. One of the year's issuances was green - the eighth of its kind. In this video, Chief Treasury & Sustainability Officer Jette Moldrup talks about the work with our green bonds.
Chief Treasury and Sustainability Officer Jette Moldrup talks about our work with green bonds
ESG progress
In 2023, we have made good progress across our 9 strategic ESG objectives.
See Managing Director Henrik Andersen present our ESG progressSelected facts 2023
4,2 %
Equity ratio
With an equity ratio of more than 3 pct., KommuneKredit has an adequate capital position.
Opgjort pr. 31.12.2023
65 %
Capital ratio
The high capital ratio reflects the low risk associated with our business model.
Opgjort pr. 31.12.2023
125 years
Steady and stable
without loss on lending or leasing
In addition to monitoring and managing our financial risks, we focus especially on a number of non-financial risks in our operations and the development of our business. They include operational risk – including IT risk – ESG risk and compliance risk.
Jonas Toft Månsson
Chief Business Development & Risk Officer
ESG highlights
ESG targets on track
Our green loan portfolio rose from 21 pct. in 2022 to 22 pct. in 2023. Until now, we have reduced our own carbon emissions by 52 pct. relative to 2018.
Opgjort pr. 31.12.2023
Consistently strong ESG ratings
We maintain our strong ESG ratings from ISS ESG, MSCI and Sustainalytics.
Opgjort pr. 31.12.2023
Working with ESG data
To define the level of ambition for our ESG data and reporting, we regularly identify our investors' need for ESG data.
The increase in lending was driven primarily by construction credits granted to district heating companies which are in the process of expanding district heating areas and other investments relating to the green transition. The increase in leasing was driven in part by a transition from fossil fuel vehicles to electric vehicles.
Morten Søtofte
Chief Support and Financial Officer
Selected strategic ESG goals
Be inspired
Read about projects we have financed
Our lending and leasing finance many different types of local projects in Danish society, including investments in green and social projects.
See list of projects we have financedBe inspired
Read about projects we have financed
Our lending and leasing finance many different types of local projects in Danish society, including investments in green and social projects.
See list of projects we have financed