TABLE OF CONTENTS Photo: Vemund Hagen
MAIN CONTENT Impact report in short
LIST OF PROJECTS 2
CASES
New green buildings
12
Energy efficiency
21
The finance sector may play a pivotal role in the low-carbon transition
5
Renewable energy
26
KBN green bonds
6
Low-carbon transportation
28
Key reporting methodology
8
Waste management
32
Project categories List of projects Disclaimer
10
Water and wastewater management
35
Climate change adaptation
40
Sustainable land use
43
12 44
Energy-positive school in horten raises the bar for the region
14
Norway’s smallest municipality saves big
23
Electrification of båtsfjord harbour
30
Climate change increases the risk of landslides
42
ENVIRONMENTAL IMPACT REPORT 2017 / PAGE 4
KOMMUNALBANKEN NORWAY (KBN) FINANCES IMPORTANT WELFARE SERVICES THROUGH PROVIDING CREDIT TO THE LOCAL AUTHORITIES IN NORWAY. KBN’s mandate is to provide the local government sector with stable and cost efficient long-term financing. KBN’s lending to the local government sector is funded by issuing securities in the international capital markets, maintaining the highest possible credit rating of AAA/Aaa. Measured by total assets, KBN is Norway’s third largest financial institution with loans to nearly all of the country’s municipalities. KBN is a wholly owned state company. Our vision is to be a long-term partner for local welfare.