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Use Case
Climate Action
Sustainable Cities And Communities
Within the geographical area of Helsingborg, greenhouse gas emissions have decreased by 52 percent since 1990. It is possible to achieve the ambition of net zero emissions by 2035, but then it is required that emissions decrease at a faster rate in the next few years. We therefore need to concentrate on reducing emissions in crucial areas, such as fossil fuel-free transport, and take advantage of carbon sinks and transformative technology to store and sequester carbon dioxide.
The sustainability-linked bonds will finance the municipal group's strategy towards increased quality of life, a better environment and a sustainable Helsingborg.
We work on a broad front in the city's organisation and together with the city's actors. This can be seen, for example, in our work with local climate agreements and our innovation work. In September, Helsingborg was in the final of the European Commission's nomination EU Green Capital and now we are looking at whether Helsingborg has the potential to become one of the 100 European cities that take the lead in climate change.
The City of Helsingborg has developed the framework in collaboration with Danske Bank and in accordance with the International Capital Market Association's "Sustainability-Linked Bond Principles". S&P Global Ratings has given a so-called Second Party Opinion on the framework.
The sustainability-linked framework describes, based on the high goals in the City of Helsingborg's climate and energy plan, how CO2e emissions will decrease in the geographical area Helsingborg until the year 2035. For each year there is a target value for CO2 emissions per number of tonnes. On the basis of the target values, bonds are constructed that take into account that the emission reductions are achieved. If the target is not reached, the investor receives a higher coupon on his bond or a larger nominal amount on the bond's maturity date.
RUS (Regional Development and Collaboration in the environmental target system) is responsible for measurements and calculations of greenhouse gas emissions and these are available in the national emissions database.
Want to learn more about the lessons learned, financial details and results?
Log inPlanning time: Less than 6 months
Implementation time: Less than 6 months
City of Helsingborg
Danske Bank
City of Helsingborg
Reducing GHG emissions