Norway’s Folksamgruppen, of which KPA Pension is a part, is the sole investor in NOK 250m of green bonds issued by Nacka municipality.

Of the NOK 250m invested, NOK 100m of the funds are directly from KPA Pension. The bonds will be used to finance climate change projects and climate adaptation in the municipality.

“Nacka works broadly to secure sustainable development in the municipality, and this is captured in a good way in this bond,” KPA Pension CEO, Camilla Larsson, said.

“The funds will primarily go to sustainable transport and energy-efficient premises and housing, but also projects linked to water and wastewater management, solar cells and measures that strengthen biological diversity in the municipality.

“Nacka's goals and direction are in line with how we want to invest to deliver safe pensions for our customers and at the same time contribute to good social development,” Larsson said.

In addition, Nacka chairman of the municipal board, Mats Gerdau, said: “This is part of the work to consolidate Nacka as an expansive and sustainable part of the Stockholm region. It is gratifying that KPA Pension and Folksam want to be involved in building Nacka's future, says Mats Gerdau, chairman of the municipal board in Nacka.”

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