We steadily increase the share of green loans
The share of our green loans increased to 22 pct. of our total lending in 2023. We have set an ESG target that our green loans should account for 25 pct. of our total lending by 2025.
By year-end 2023, we had 1,008 outstanding green loans with a total value of DKK 32.6 billion.
Our green financing is based on our Green Bond Framework from 2022, and we issue green bonds based on the green loans that we provide to our customers.
Since 2017, we have issued green bonds to support local green transition with financing at the lowest possible cost. In 2023, we issued our 8th green bond. By the end of 2023, our total green bond issuances amounted to a total of 27.9 billion DKK.
Fact
- At the end of 2023, green loans accounted for 22% of our total lending. In 2022 green loans accounted for 21%.
- 12% of our total bond issuances were green by the end of 2023. In 2022 the ratio was 10%.
Thanks to our customers' ambitions for the green transition and for supporting the government's climate goals, our green pipeline is solid. In 2023, we introduced a catalogue of inspiration on the financing opportunities at KommuneKredit to increase awareness among our customers, and in 2024, we expect to to include the first leases in our green portfolio.
Read more about our green pipeline and see examples of how our customers support the green transition in our Green Bond Impact Report 2023.