KPA Pension invests in green bonds of Trelleborg municipality
10 May 2024
KPA publishes on its website:
Water supply, solar cells and exciting investments in biodiversity are some of the projects when KPA Pension is involved and finances sustainable development in Trelleborg municipality.
As part of the Folksamgruppen, KPA Pension is one of the major investors in green bonds. So far, investments in municipal bonds amount to a total of SEK 34 billion, which includes green bonds issued by municipalities. For example, KPA Pension invested SEK 500 million in a bond from Trelleborg last year.
– We are very happy to be involved when Trelleborg Municipality takes the next step towards sustainable development. Pension capital is well suited to make this type of investment as it has a long-term perspective. Municipal bonds are a good example of how we create a secure and good pension for KPA Pension’s customers while at the same time contributing to the municipality’s transition work, says Camilla Larsson, CEO of KPA Pension.
In addition to contributions to water supply and waste water management, the investment also finances the municipal group’s investments in renewable energy such as solar cells, as well as in energy efficiency, for example by changing street lighting to LED. Other areas for this sustainable financing are so-called clean transport, for example pedestrian and cycle paths and co-financing of commuter trains with a final station in Trelleborg.
Furthermore, the funds will be used for the municipality’s investments in climate adaptation measures and for some small but exciting investments in biodiversity. This applies, for example, to the planting of urban mini-forests, measures for protected and valuable species such as bats, combating invasive alien species and water conservation measures.
Source: KPA
