KommuneKredit conducts a voluntary EU taxonomy assessment to ensure transparency. The assessment reflects the Green Bond Framework 2022 and aligns with Danish regulations and Technical Screening Criteria.
KommuneKredit performs an EU taxonomy assessment for transparency purposes and on a voluntary, preliminary and best effort basis as we are not subject to the EU Taxonomy Regulation. We have made a cautious estimate of the taxonomy alignment of our green loan portfolio at a generic level.
We assess that across our green loan portfolio under the Green Bond Framework 2022, 71 per cent is likely aligned with the Technical Screening Criteria (TSC)
for making a substantial contribution to the climate change mitigation objective, and Danish regulations generally align with the applicable Do No Significant Harm (DNSH) criteria.
The table shows the alignment of the green loan portfolio 2022 with the Technical Screening Criteria of the climate change mitigation objective of the EU Taxonomy Regulation by end 2023.
When developing our current Green Bond Framework 2022, we had an assessment made of our green loan categories and criteria against the TSC of the climate change mitigation objective and the DNSH criteria as outlined by the taxonomy. Additionally, CICERO Shades of Green, now S&P Global Ratings, conducted a light touch taxonomy assessment of the Framework as part of the second-party opinion, focusing on the TSC of the climate change mitigation objective.
Across our green loan portfolio under the Green Bond Framework 2022, 71 per cent is likely aligned with the TSC for a substantial contribution to the climate change objective.
Guðrið Weihe
Head of Sustainable Finance
If you would like to know more about treasury and sustainable financing in KommuneKredit, please feel free to contact us.
