REGION STOCKHOLM GREEN BOND · 2020-05-12 · REGION STOCKHOLM GREEN BOND IMPACT REPORT 2019 3 “It is important Stockholm Region is leading the way to a green and sustainable future

1REGION STOCKHOLM GREEN BOND IMPACT REPORT 2019

PUBLISHED 2020-05-12

REGION STOCKHOLMGREEN BONDIMPACT REPORT 2019

TABLE OF CONTENTS

GREEN BOND IMPACT REPORT 2019 ..................................................................3

EXECUTIVE SUMMARY .......................................................................................4

REGION STOCKHOLM’S GREEN FINANCING PORTFOLIO ..................................5

REGION STOCKHOLM’S ENVIRONMENTAL PROGRAMME

(FORMERLY STOCKHOLM COUNTY COUNCIL) 2017–2021 .................................6

REGION STOCKHOLM’S GREEN BONDS .............................................................6

REGION STOCKHOLM’S FRAMEWORK FOR GREEN BONDS ..............................7

IMPROVED REPORTING ON GREEN BONDS .......................................................7

FEEDBACK ON GREEN BONDS AND GREEN FINANCE ........................................8

INVESTOR MEETINGS .........................................................................................9

REGION STOCKHOLM’S PROJECTS FOR GREEN INVESTMENTS ....................... 10

SOCIAL SUSTAINABILITY .................................................................................. 21


“It is important Stockholm Region is leading the way to a green and sustainable future. Our ambition is to influence investors to make conscious decisions. Growth and sustainability can be combined. We show this through investments that are good for both present and future generations.”Irene Svenonius, Regional Chair for Finance

“Region Stockholm issued its first green bond in 2014. Today, we are the largest regional and municipal issuer of green bonds in the Swedish market. Almost 60 percent of Region Stockholm’s debt portfolio is green financing. Being a pioneer in this field, Region Stockholm is an important player in the crucial work to resolve environmental problems for future generations.”Carina Lundberg Uudelepp, Regional Chief Executive, Region Stockholm

“Region Stockholm has a clear vision of becoming the world’s first climate-neutral metropolitan region. Green bonds is an important part of this and it means that we can borrow money at lower interest rates while marketing the Stockholm region globally.”Tomas Eriksson, Regional Chair for Environment and Public Transport

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GREEN BOND IMPACT REPORT 2019

4 REGION STOCKHOLM GREEN BOND IMPACT REPORT 2019

EXECUTIVE SUMMARY

Region Stockholm reports its Green Bonds impact in accordance with the Nordic Public Sector Issuers: Position Paper on Green Bonds Impact Reporting, edition 2020. Any deviations from the Position Paper recommendations will be indicated in our reports.

01 0002 000

3 0004 000

5 0006 000

7 000

8 000

9 000

10 000

11 000

12 000

13 000

2014

SEK 2.9 bn GB (2019)

SEK 3,5 bn GB (2018)

SEK 2.0 bn GB (2017)

SEK 1.5 bn GB (2016)

SEK 1.8 bn GB (2015)

SEK 1.1 bn GB (2014)

Total amount disbursed to projects

GREEN BONDS ISSUANCE AND GREEN BOND PROJECT PORTFOLIO

2015 2016 2017 20192018

SEK

mill

ion

GREEN BOND CO2 IMPACT BASED ON DISBURSED AMOUNTS TO GREEN BONDS

Project category

GHG emisssions reduced/avoided, Disbursed amounts to

projects, SEK mn

Impact

2019 (tonnes CO2e)

Accumulated1

(tonnes CO2e)2019

(CO2e / SEK mn) Accumulated (CO2e/SEK mn)

Renewable energy (Disbursed amounts reported under Green buildings) 500 1 500 – – –

Green buildings 2 300 6 900 4 703 0,5 1

Clean transportation 8 600 20 900 7 100 1 3

Total (Disbursed amounts w. CO2 impact SEK mn) 10 9002 27 8002 11 8033 1 2

Annual renewable energy generation, GWh 4 GWh

Annual energy savings, MWh4 4 000 MWh

1 The accumulated amount refers to year 2017 to 2019. 2 Renewable energy is excluded from the total as it is already partly included in Green buildings. 3 Högdalen depot, 43 mkr is excluded due to very low disbursed amount. 4 Compared to national building requirements, rounded per 100 MWh.

Nordic Public Sector Issuers: Position Paper on Green Bonds Impact Reporting

1

Nordic Public Sector Issuers

Position Paper on Green Bonds Impact Reporting February

2020

Other financing 41 %

Green financing 59 %

GROWTH IN OUR GREEN FINANCING PORTFOLIO

0

5000

10000

15000

20000

25000

30000

35000

2008 2009 2010 2016 2017 2018 20192011 2012 2013 2014 2015

EIB/NIB loans18 540

12 800Green bonds

Total green financing31 340

SEK

m

5

REGION STOCKHOLM’S GREEN FINANCING PORTFOLIO

The table below shows the climate impact on all the projects financed by green financing. Green financing for Region Stockholm includes green bonds and loans from EIB and NIB that set high environmental requirements.

TOTAL CO2 IMPACT AND GREEN FINANCING IMPACT

Project category

GHG emisssions reduced/ avoided 2019

Disbursed amounts to projects 2019

Total (tonnes CO2e)

Green financing (tonnes CO2e)

Total amount (SEK mn)

Green amount (SEK mn)

Renewable energy (Disbursed amounts for renewable energy included in Green buildings) 4 300 1 500 – –

Green Buildings 12 100 4 700 23 881 9 458

Clean transportation 14 600 12 700 12 582 11 075

Total1, 2 26 7001 17 4001 36 463 20 533

Disbursed amounts w. CO2 impact SEK mn 26 7001 17 4001 36 4202 20 4902

Annual renewable energy generation, GWh 28 GWh 10 GWh

Annual energy savings, MWh3 18 000 MWh 8 000 MWh

1 Renewable energy impact (CO2e) is excluded from the total as they are partly included in Green buildings.2 Renewable energy amounts are excluded from the total as they are partly included in Green buildings. Högdalen depot is excluded due to very low disbursed amount.3 Compared to national building requirements, rounded per 100 MWh.

Key procedural aspects

• Each project is selected according to Region Stockholm’s Green Bond Framework

• Region Stockholm reports on project basis, and in Swedish kronor (SEK).

• For this document, the reporting period ends on 31 December 2019.

Key reporting methodology

• Region Stockholm reports based on the share of the project’s total investment cost financed with green bonds (net of redemptions).

• Impacts are based on outstanding disbursed amounts to projects in Region Stockholm’s green bonds 2014–2019.

• Impact is principally reported on expected impact (ex ante), unless clearly stated as ex post.


REGION STOCKHOLM’S ENVIRONMENTAL PROGRAMME 2017–2021

REGION STOCKHOLM’S GREEN BONDS

Region Stockholm is a dynamic and rapidly growing region requiring major investments in public transport and healthcare to facilitate successful development. Region Stockholm aim to contribute to sustainable development in the region, by way of limited environmental impact.

Region Stockholm is taking a comprehensive approach to reducing environmental impact from properties and installations, pharmaceuticals, textiles, food and travel. Region Stockholm also takes national and global responsibility for the production of goods and services that are procured.

Region Stockholms environmental programme covers five areas:• Sustainable procurement• Climate commitment• Healthcare• Public transport and other transports• Properties and installations

In May 2014, Stockholm County Council (current Region Stockholm) was the first County Council in Sweden to issue a green bond. At least one green bond has been issued each year since then.

Green bonds financing is a way of financing investment projects with an environmental focus. It is a tool for raising awareness of climate-related challenges and solutions while safeguarding green development projects in the region. Green bonds currently account for only a small percentage of the overall bond market, however interest and demand for green bonds is growing rapidly.

Any financing raised by Region Stockholm within the green bond framework is earmarked for environmental projects and is held in a separate traceable account that is allocated for investments that meet specific environmental criteria.

The eligible projects are selected jointly by Region Stockholm’s Treasury Department and the Sustainability Department. They are then approved by a Steering Group for Green Bonds consisting of executive managers from Region Stockholm’s local bodies, strictly following the following four steps:

• Region Stockholm Treasury initiates the screening process and form a project group.

• The project group for green bonds determines the portfolio of green projects to be financed.

• Region Stockholm’s Sustainability Department evaluates the proposed projects to ensure compli-ance with environmental laws and regulations, Region Stockholm’s environmental and social policies as well as Region Stockholm’s Green Bond Framework.

• The Steering Group for green bonds has final authority in determining the final list of eligible green projects, to be financed by green bonds.

ISSUED GREEN BONDS

Year Loan amount Issued green bonds

2014 SEK 1.1 billion 6 years


2016 SEK 1.5 billion 5 years and 4 months



2018 SEK 2.5 billion Short 3 years






REGION STOCKHOLM’S FRAMEWORK FOR GREEN BONDS

IMPROVED REPORTING ON GREEN BONDS

Region Stockholm’s green financing is set up according to its framework for green bonds. The framework stipulates how the selection process of green projects needs to be conducted, how the money must be managed in separate accounts and how the communication and reporting of the projects will ensure transparency for investors. 2018 the

independent analyst firm CICERO (Center for International Climate and Environmental Research – Oslo) evaluated Region Stockholm’s upgraded framework for green bonds. Region Stockholm’s upgraded framework for green bonds received the highest possible rating, dark green.

In 2016, Region Stockholm, in cooperation with other Nordic public issuers of green bonds, began an effort to formulate a common approach to feed-back reporting. The cooperation is founded on the conviction that a common Nordic position paper will offer reporting standards for issuers and valuable insight for other green bond issuers as well as the investor market. There is also a value in sharing experiences and expertise.

The objective is to develop a transparent, harmonized and relevant approach to reporting the

effects of green bonds. The group’s ambition is to continue to develop the cooperation between the Nordic issuers of green bonds, and to continually refine the impact guide published January 2019.

Signatories are: City of Göteborg (Sweden), Kommunalbanken (Norway), Kommuninvest (Sweden), Municipality Finance (Finland), Norrköping Municipality (Sweden), Örebro Munici-pality (Sweden), Svensk Exportkredit (Sweden), Municipality of Lund (Sweden), Region Skåne (Sweden) and Region Stockholm (Sweden).

“Region Stockholm’s framework for green bonds has been awarded the highest possible rating – dark green – by the independent institute Cicero. Together with other issuers of green bonds we actively promote improved reporting on green bonds developing a joint approach that will provide investors with increasingly transparent and relevant information.”Frida Korneliusson, CEO Region Stockholm Treasury

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“Critical sustainability issues, like climate change, call for concrete action. Green Bonds enable Region Stockholm to realize environmentally friendly projects in key areas like sustainable public transportation and Sustainable Buildings. In addition to that green bonds provide an excellent tool for raising awareness of solutions for climate and biodiversity-related challenges.”Charlotta Brask, Head of Sustainability at Region Stockholm

FEEDBACK ON GREEN BONDS AND GREEN FINANCE

The first green bond by Region Stockholm was issued in May 2014 and by end of 2019 another nine green bonds had been issued. Four green bonds were issued during 2019, intended for two invest-ment projects Roslagsbanan expansion programme and a new hospital building at Karolinska Univer-sity hospital Huddinge called Chopin.

The table below show Region Stockholm’s green investment expenditures.

All projects are reported according to the guide for Nordic issuers of green bonds except the impact of the new Metro. Currently the climate impact for the depot in Högdalen, has been omitted, as it only rep-resents a small portion of the proceeds (43 million).

Projects MSEK

Total investment (of which disbursed)

Disbursed green financing* (where of disbursed GB**)

GB 2014 1.1 billion

GB 2015 1.8 billion

GB 2016 1.5 billion

GB 2017 2.0 billion

GB 2018 1.0 billion

GB 2018 2.5 billion

GB 2019 1.0 billion

GB 2019 1.0 billion

GB 2019 0.5 billion

GB 2019 0.4 billion

Expansion of Roslagsbanan

9 650 (7 098)

5 591 (5 591)

915 580 – – 1 000 1 750 700 700 350 300

New building Karolinska Huddinge (Chopin)

1 940 (1 481)

1 350 (1 350)

– – – – – 750 300 300 150 100

New- and reconstruction of Södertälje Hospital

1 200 (1 200)

785 (785)

185 375 225 – – – – – – –

New Karolinska Solna

21 200 (21 200)

7 323 (2 568)

– 845 723 1 000 – – – – – –

Red line programme

10 700 (5 484)

5 484 (1 509)

– – 552 957 – – – – – –

The new Metro, a new depot in Högdalen

1 600 (245)

43 (43) – – – 43 – – – – – –

* Total green financing includes green loans from EIB, NIB and green bonds.

** GB = Green Bond.

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INVESTOR MEETINGS

Region Stockholm works actively to provide transparency for investors. An example is the investor meetings that Region Stockholm organize on a regular basis. The projects financed with green bonds have been of interest to investors and the meetings have been well attended. Last year we visited Chopin, which is part of Huddinge hospital area, with our investors. Examples of projects visited earlier years are the New Karolinska Solna, depot in Norsborg and the electric shuttle covering routes in Saltsjön.


REGION STOCKHOLM’S PROJECTS FOR GREEN INVESTMENTS

Miljöbyggnad

Miljöbyggnad is a Swedish, third party reviewed certification system for sustainable buildings. It is based on three pillars: energy, indoor environ-ment and construction materials and has 16 indicators including such as energy use, daylight and hazardous substances. The certification is available in three different grades: Gold, Silver and Bronze. Bronze corresponds in principle to the legal requirements already applicable, while Silver and Gold requires more. A unique characteristic of Miljöbyggnad is that a building cannot obtain a

Gold rating if any of the individual indicators are rated Bronze. The purpose is to identify critical parts in the building and to encourage actions that improve performance. All Region Stockholm’s new buildings are targeting Gold certification. On completion of the design stage a preliminary cer-tificate is awarded. To be awarded a final certificate, the preliminary certificate must be verified no later than two years after the completion of the buildings in an extensive process.

Energy– Energy use– Heat losses– Solar heat load– Energy sources

Indoor environment– Acoustics– Radon– Ventilation– Traffic pollution– Moisture resistance

– Thermal comfort winter– Thermal comfort summer– Daylight– Legionella

Materials– Documentation of building materials– Phasing out of hazardous substances


Karolinska University Hospital, Huddinge

Project Chopin, which is part of Huddinge hospital area is a state-of-the-art building designed for advanced healthcare with the latest medical tech-nology. The hospital, which is located in the south of Stockholm, is being modernized according to Region Stockholm’s plan to accommodate for future health and medical care demand. The new, 29,000 sqm building, contains cutting edge technology and equipment for advanced surgery with 23 operating theaters and a capacity of 18,000 surgeries per year. The new building will also host radiology and a sterile processing department. The design of the building is based on the requirement that surgery needs to have close access to intervention facilities and advanced image diagnostics.

The building has been built with separate flows for patients, materials and personnel leading to increased efficiency, higher quality and increased availability. The new sterile facility is built with the patient in focus and is supporting new ways of working aimed at high safety for both patients and employees. In order to create a good indoor environ-

ment for patients, employees and visitors the building has for example been designed with ample access to natural daylight and high thermic comfort. Due to the advanced care that will be given in the facilities, the demands on technical equipment and ventilation systems are exceptionally high, to attend to various demands on temperature and air purifica-tion for various care needs.

The construction of the new surgery building started in year 2015 and will be completed in year 2020. The building is constructed in accordance with Miljöbyggnad 2.2 and the project has received an overall rating level Gold, where 13 of 15 indicators have been preliminary certified with Gold level and two with Silver level. After two years, a verification of the certification will take place. For example, the calculated energy use in the building is 75 kWh/sqm, being 35 % lower than the legal demands1. Another example is that 100 % of the electricity used is from renewable sources and marked “good environmental choice”2.

1 Swedish National building code BBR21.2 Certified with environmental label Bra Miljöval for 100 % of the electricity 2019, verified by LOS Energy AB, as per Naturskyddsföreningens license through Entelios AB.

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Södertälje Hospital

Södertälje Hospital, situated about 30 km south of central Stockholm, is part of the ongoing extensive development of Region Stockholm’s health and medical care services. Two new treatment buildings at Södertälje Hospital were completed during 2017, including among others a new intensive care facility, a new emergency unit and a new cesarean section. This allows 7,500 additional emergency visits, increasing the total to 42,500 visits/year and mak-ing it one of the most modern hospitals in Sweden.

The new hospital buildings have received the final certification on level Gold in Miljöbyggnad (2.2) overall rating level Gold. The verification process has been finalized to confirm that the

theoretical values specified in the certification application are correct, in order to receive the final certification. 11 of 15 indicators were targeting the Gold level while four were targeting the Silver level. However, in the final verification also the energy indicator reached Gold level. For example, the calcu-lated energy use is 83 kWh/sqm, being 35 % lower than the legal demands3. Included in the project was to build a geothermal cooling and heating system which is an environmentally conscious alternative to meet the hospital’s need for cooling and heating. All purchased electricity is 100% renewable.4

1 All data concerning volumes of electricity, heating and cooling are based on the report ”Energiberäkning CHOPIN” dated 2017-10-27 written by Helena Engström, Incoord. Ex ante, no actual values are yet included. From the report values with 10 kWh/m2, Atemp safety margin have been used. Assumptions on repartition between electricity, district heating and district cooling in relation to BBR21. CO2equivalents per kWh for used electricity from Vattenfall, EPD for waterpower. 10,5 g/kWh. CO2equivalents per kWh for used district heating from Region Stockholms climate calculator 2019, 39 g /kWh.

2 Rounded per 50 tonnes. 3 Only products covered by Locums policydocument R.24 ”Riktlinje val av produkter” (Guideline for choosing products)

and Miljöbyggnad manual 2.2 are reported.

KAROLINSKA HUDDINGE (CHOPIN)

Category Project Indicators Unit Baseline /remarks

Green buildings1

New building standard exceeding building standard requirements

Annual energy avoided compared to the relevant building code

1 100 MWh National building code BBR21

– Attributable to green bond 1 000 MWh

Annual GHG emissions reduced/avoided

250 tonnes2

– Attributable to green bond 200 tonnes2

Annual GHG emissions reduced/avoided using green energy

350 tonnes2

– Attributable to green bond 300 tonnes2

Environmentally friendly materials being used

Percentage of materials being used accepted in Byggvaru-bedömningen3

94 %

Waste management

Resource preserving waste treatment (construction materials)

Improvement in material recovery rate compared to national references

97 % recovery incl. energy

97 % consists of: reuse of construction materials 21 %, material recovery 28 %, energy recovery 47 %. Landfill 3 %. Benchmark: EU recycling target for construction waste is 70 % by weight by 2020. EU recycling target for construction waste is 70 % by weight by 2020.



1 Ex post. Distribution between district heating and electricity in accordance with BBR19. Emissions for purchased energy are 10,5 g/kWH for electricity (Vattenfall) and 42 g/kW for district heating (Telge Energi).

2 Rounded per 100 MWH. 3 Rounded per 50 tonnes. 4 Only products covered by Locums policydocument R.24 ”Riktlinje val av produkter” (Guideline for choosing products) and

Miljöbyggnad manual 2.2 are reported.

SÖDERTÄLJE HOSPITAL


Renewable energy

Geothermal energy

Capacity of energy generation of plant

170 MWh

Annual renewable energy generation

– No production in 2019 due to refurbish-ments of the building

Annual GHG emissions reduced/ avoided

– No production in 2019 due to refurbish-ments of the building

Green buildings1



1 300 MWh1,2 National building code BBR19

– Attributable to green bond 800 MWh2

Annual GHG emissions reduced/ avoided, compared to national building requirements

350 tonnes1,3

– Attributable to green bond 250 tonnes3 CO2e


350 tonnes3 CO2e

– Attributable to green bond 250 tonnes3 CO2e

Environmentally friendly materialsm being used

Percentage of materials being used acecpted in Byggvarubedömningen4

92 %

Waste management

Resource preserving waste treatment (construction materials)


97.5 % incl. energy recovery

The 97,5 % consists of: material reuse (construction materials) 16 %, material recovery 29 % and energy recovery 52 %, landfill 2,5 %. Benchmark: EU recycling target for construction waste is 70 % by weight by 2020.

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Karolinska University Hospital, Solna

New Karolinska Solna (NKS) is one of the world’s most sustainable university hospitals both when it comes to facilities and the environmental work regarding pharmaceuticals, textiles, patient meals and disposables in health care. The revised structure of the system of hospitals in Stockholm address the healthcare needs for an increasing population in Stockholm, where the most highly specialized care will be provided at certain units, such as NKS. Care is provided according to themes, making the patient’s overall medical needs even more central. Single patient rooms, an increased number of operating rooms and space for two helicopters are examples of improvements that will fulfill future needs for advanced healthcare.

To achieve the exceptional environmental and sustainability goals that were set for NKS, the entire project has been carried out from a sustainability perspective, from the choice of materials to the design of the building. NKS was built to achieve the highest quality indoor environment, for example air quality, inflow of day light and temperature for the benefits of both patients and staff.

One of the tools used is environmental certification of the buildings. Two types of certification schemes have been used for NKS; Miljöbyggnad issued by the

Sweden Green Building Council, and LEED, an inter-national green building rating system. The aim is to achieve the Gold level in both systems. In September 2018, the fourth and final construction phase was approved for preliminary Gold level certification in accordance with Miljöbyggnad 2.0. Final certification will be available when the entire building performance has been verified with measurements and follow-up. This verification is currently being finalized.

NKS has been constructed for significantly reduced energy consumption, the target is 50 % below the requirements set by Sweden’s Building Regulations5. This means substantial savings, both financial and environmental. By switching to renew-able energy, emissions of greenhouse gases will be minimized. 100 % of the electricity comes from renewable sources6, and a large geo-thermal facility produces most of the buildings heating and cooling.

Another focus area has been to reduce the use of chemicals and hazardous substances. Thanks to the deliberate choice of flooring material, a significant reduction in the use of softeners with an adverse impact on health has been achieved (at least 70,000 kg compared with conventional construction), and this is only one of all the materials used in the construction.


The entrance to New Karolinska Solna.

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1 Capacity is based on total actual production 2019. This is a change in method from year 2018 when ingoing electricity was substracted. The facility also recycles energy from the buildings. Rounded per 1 000 MWh. 2 Annual renewable energy generation (formerly Actual production) is defined as total renewable generation minus ingoing electricity. The facility also recycles energy from the buildings. The method for reporting energy generation has changed since 2018, and energy used in the facilities is now reported under the new indicator Used energy. Rounded per 1 000 MWh. 3 Calculated using baseline emission values from Apendix A (combined margin applied by nordic issuers) and Apendix D (the same baseline emission factor has been applied for district cooling as for district heating) compared with actual electricity mix and local mix of district heating and district cooling. Rounded per 100 tonnes. 4 Measured value for MWh. Rounded per 1 000 MWH. 5 Calculated using baseline emssions from Apendix A (combined margin applied by nordic issuers) and Apendix D (the same baseline emission factor has been applied for district cooling as for district heating) compared with actual electricity mix and local mix of district heating and district cooling. Rounded per 100 tonnes.

NEW KAROLINSKA SOLNA


Renewable energy

Geothermal energy Capacity of energy generation of plant

36 000 MWh1

Annual renewable energy generation

30 000 MWh2

Used renewable energy 28 000 MWh2

– Attributable to green bond 3 500 MWh2

Annual GHG emissions reduced/avoided

4 300 tonnes CO2e3

– Attributable to green bond 500 tonnes CO2e3

Green buildings



18 000 MWh4 Result is 45 % below Swedish national building code BBR16. The goal for the project was 35 % below BBR16.

– Attributable to green bond 2 200 MWh4


4 800 tonnes CO2e5



6 000 tonnes CO2e5


Environmentally friendly materials being used

Percentage of materials being used acecpted in Byggvarubedömningen

89 %

Clean transportation

Infrastructure for electric vehicles

Percentage of parking spaces reserved for electric vehicles

10 % 0 % (no local/national legal requirements)

Total charges made 82 000 kWh

– of which green bond 9 900 kWh

Estimated savings in GHG emissions

30 tonnes CO2e

Basis for saving is total green financing (35 % of financing) or 28 700 kWh

Waste management

Resource-preserving waste treatment


95 % incl. energy recovery.

EU recycling target for construction waste is 70 % by weight by 2020. National average for the service provider contracted by NKS (SITA) was 92 % 2017.

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Roslagsbanan expansion programme

The Roslagsbanan expansion programme is designed to develop and strengthen the capacity of a historical railway line that is of great importance for public transport in the north-eastern sector of the Stockholm Region. Creating the opportunity for more people to travel by train which is more climate smart than driving a car.

The overall goals of the programme are:• Increased capacity to meet increasing travelling

needs• Allowing an eight trains per hour service, for the

most frequented stations• Reduced sensitivity to traffic disruption• Confining with noise limits indicated in the

Government’s Infrastructure Bill for a new railway construction

• Adapting stations and existing carriages for increased accessibility

• Improved safety in the rail system regarding the rail operation, as well as safety improvements along the tracks and for the passengers travelling with Roslagsbanan.

In addition to promoting climate efficient travelling, the programme includes many environmental and social initiatives. The programme has a large focus on reduced environmental impact in the building process and in the process for designing and manu-facturing trains. Reduced impact on the climate is an overall goal and criteria regarding reduced climate impact are applied in the supplier chain. Another area is to choose products and materials that are better for health, safety and environment. In the Roslagsbanan expansion programme more than 1000 used products/materials have been regis-tered and evaluated through a system called Bygg-varubedömningen , which assists Region Stockholm to choose products and materials with less environ-mental impact, and materials that are preferable in regard to working conditions. Additionally, during 2019 the project “A house for everyone” was carried out. This project resulted in both social and environ-mental impact while creating jobs for people with special needs and preserving biodiversity for insects through creating new places for nesting, resting and hibernation. For more information see page 20.


Other examples of the sustainability work performed during 2019:• Control of social aspects in the supply chain for

production of steel and aluminum used in the new train cars

• Sustainable, local disposal of water• Re-use of sleepers and other material • A pilot-test with a new kind of sleeper in the

railway switches. The impregnation system is more environmentally friendly and better for health and safety.

• A green roof on the new train depot in Vallentuna

Noise poses a problem to individuals’ wellbeing and health, and the Roslagsbanan expansion pro-gramme involves a substantial effort to introduce noise-protection measures along the track creating a better living environment for up to 10 000 people. This is executed through 30 km noise barriers along the tracks and nearly 1000 individual actions on residential houses, such as new and improved win-dows, glass-panelling on balconies and ventilation.

ROSLAGSBANAN EXPANSION PROGRAMME

Category Project Indicators UnitBaseline /remarks


Expansion of Roslagsbanan local train line

Total Green financing

Net avoided emissions from cars and other vehicles

8900 tonnes 160 grammes CO2e/km, 300 days a year, 40 km car kilo-meters/person/weekday.

– Attributable to green bond 7 000 tonnes

Number of people in new means of transportation

5 000 passengers/ travelday

– Attributable to green bond 3 900 passengers/ travelday

Estimated reduction in car kilometers the project will replace

60 700 000 km 40 km car kilo-meters/person/day based on geographic average distance

– Attributable to green bond 47 800 000 km

Environmental management

Wildlife preservation

Examples of activities and investments in wildlife preser vation that have been carried out so far (ackumulated)

• Two nature passages

• Approximately 11 fauna passages under the railway

• One playroom for sea trout

• Approximately 400–500 evacuation pipes in cable wells

• One hotel for salamanders

• Several culverts are demolished to create open ditches

• Many stems are saved as insect hotels

• A preserved and protected woodland, key habitat for rare and endangered species


Metro Red Line programme

The upgrade of the Metro’s Red Line creates a possibility for more people to travel by public trans-portation, which is one of Region Stockholm’s main measures of reducing negative environmental impact in the Region. The upgrade of the Metro’s Red Line aims to develop and strengthen capacity and thereby contribute to a more resilient and sus-tainable public transportation. To achieve this goal investments are being made in the following areas: • Upgrade of two depots, Hammarby and Nyboda• Upgrade of two stations, Norsborg and Hallunda• Building of new depot in Norsborg• New attractive vehicles which are more energy

efficient than older models

In addition to developing and strengthen the capacity of the red line, the travelers will be able to ride with improved accessibility, more comfortable and safer than before. Almost 100 new vehicles will be taken in to traffic with start during 2020, with full effect year 2023. To maintain the new vehicles, depots have been built and upgraded.

Except the initiatives mentioned above, the travel environment has been improved at the stations Norsborg and Hallunda with new glass sections with automatic doors, new glass walls between lifts and escalators and new public artwork which light up the stations.

METRO RED LINE PROGRAMME



Upgrade Metro Red Line

Total Green financing

Net avoided emissions from cars and other vehicles

5 700 tonnes CO2e

160 grammes CO2e/km, 300 days a year, 17,5 km car kilometers/person/week day.

– Attributable to green bond 1 600 tonnes CO2e

Number of people in new means of transportation

6 800 passengers/ travelday

N/A

Estimated reduction in car kilometers the project will replace

35 500 000 km 17,5 km car kilometers/ person/day


Extension of the Metro in Stockholm

The extension of Stockholm’s metro is the largest investment in the subway system in modern times. 19 kilometers of new track and 11 new stations divided into four sections are being built and around year 2025 the metro service will operate between Nacka C, Barkarby station and Arenastaden. More vehicles and depots with greater capacity for servic-ing vehicles are needed for the metro extension. Today, the number of vehicles and depots capacity fall short of the requirements necessary for the successful extension of the planned Metro. The extended metro will be an additional resource- efficient and climate-smart travel alternative to fos-sil-fueled means of transport. During the project, environmental and sustainability aspects have been considered in every area. The metro extension will have a significant climate impact during its con-struction phase, but from a life-cycle perspective the effect is positive considering the avoided carbon

emissions during years to come. Multiple measures are planned to reduce the climate impact in the construction phase, such as optimization of mate-rial selection and consumption and reduction of the number of transports in the construction phase.

Region Stockholm s extended metro administra-tion is environmentally certified according to ISO-14 001. Through climate calculations, Region Stockholm monitors the climate impact of stations right from the design stage. The project’s sustaina-bility coordinator provides support and monitors sustainability issues in every project. The certifica-tion system CEEQUAL9 is used to ensure that Region Stockholm’s strategic environment work is integrated into the planning and project engineer-ing of all sub-projects. The objective is to achieve the rating of Very Good10 as a minimum.

Depot for extended Metro in Högdalen

The object of the Depot-Vehicle project is to rein-force the capacity at the existing Högdalen depot by several measures, promoting the resilience and capacity of the overall metro system. The Högdalen maintenance facilities depots will be expanded and the connection possibilities to the depot will be extended to be accessible to both the green and the blue lines. All these measures will make it possible to increase the number of vehicles which is much needed. The project is vital for ensuring that the finished metro lines will be fully operational for the scheduled launch of service. At the same time, an upgrade is being performed on the vehicle fleet and the transport systems. Reinforcing sustainable transport systems reduces the level of carbon dioxide emissions in Region Stockholm. The project has the objective of achieving the rating of Very

Good as a minimum. Multiple measures are planned to reduce the climate impact in the construction phase of the depot. An above-ground garage with a timber frame is planned, which will provide an estimated climate improvement of around 165 tons of carbon dioxide equivalents compared with a steel frame. On one of the above-ground garages a green roof is an idea of how to delay stormwater. It has also been engineered to enable the installation of solar cells on buildings above ground and placing the entrances to the garage below ground, cutting the heating costs. Constant optimizations are made to reduce resource consumption, especially the amount of concrete that is used. The use of light concrete is an important aid for reducing the number of heavy transports in the construction phase.

9 CEEQUAL is a sustainability assessment, rating and awards scheme for civil engineering, infrastructure, landscaping and public realm projects. CEEQUAL was developed by the British industrial association Institution of Civil Engineering (ICE) and was launched in 2003 int the UK and Ireland.10 The rating Very Good is the second highest rating on the scale and means that the project will receive more than 60 %, but less than 75 % of the total points.

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Building social value while preserving biodiversity

The extension of Roslagsbanan has been made with thorough detail to both social and environmental sustainability. A special project during 2019 have been the “A house for everyone” project. This has involved local, work coaching organizations with the aim to support persons with special needs. By working in the project these individuals became a part of the Region Stockholm team that works with the Roslagsbanan extension programme. To reach the sustainability goals, set for Roslagsbanan an important objective was to create more places for nesting, resting and hibernation. In this project more than 300 houses for different kind of birds and

bats were installed. A large amount of insect hotels were also installed so the smaller species have a greater chance to find a cozy home in the surround-ings of Roslagsbanan. This is a good example of how it is possible to work in a sustainable way to create social value in the local communities. Approxi-mately 30 participants from two different organiza-tions have been involved and to praise the project and the rewarding cooperation there was a big inau-guration in October 2019 where members in the pro-ject and programme, met with politicians and were able to share their experiences of the project.

Project members and politicians visited the inauguration in October 2019. First row from left: Mira, Erik, Peter, Mikael, Torsten and Nizze. Second row from left: Tomas, Veronica, Fredrik, Bodil, Olivia and Kristoffer.

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SOCIAL SUSTAINABILITY


The new design C30 metro trains come with improved accessibility and better design for children

The project has worked with reference groups to identify different perspectives and bring them front and centre. Aspects addressed include children, equality, safety, accessibility and the environment. The C30 metro trains will operate on the Red Line.

Gender equality and equality overallThe tender documents very clearly specified that the vehicle had to be designed to accommodate the height of all passengers, from the 5th percentile for women to the 95th percentile for men. In the design and construction phase, these requirements were verified using computer simulations and with real human test subjects. Emergency telephones have been installed so that passengers can easily contact the driver and call for help. The phones have been

sited at a height that can be reached whether the passenger concerned is a child, a wheelchair user or two metres tall.

Children in focusThe specification of requirements also included tak-ing the perspective of children into account. One element was the visibility of information on displays and maps, and approximately half of the maps of the line have been placed in a lower position to make it easier for children to read them and follow the route.

A workshop has been held with two classes of schoolchildren in a full-scale model of the train to gather children’s opinions on the new metro train. The children were able to try out and comment on different functions in the train, such as the position

Interior of the new C30 train. There is a clear contrast between different parts of the interior, e.g. the handrails stand out against the walls and the seats against the walls and floor. The thinking behind this is to make different functions clear and make the train easier to navigate, especially for passengers with visual impairments.

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of the maps, the design and position of handles and handrails, the layout and colours of the carriage, the design and position of the seats, the lighting in the carriage, and design of button and emergency equipment. The children were also able to suggest additional features in the new trains.

AccessibilityBesides the clear requirements set in the tender doc-uments, several activities were also carried out to ensure that the new trains are highly accessible. Clear and ambitious demands, for example. regard-ing the gap between carriage and platform, have been specified and verified through practical testing with wheelchair users.

As well as meetings with designers, technicians and Trafikförvaltningen’s own accessibility special-

ists, several workshops and practical tests were also conducted with the reference group. The reference group have tested and analysed availability aspects such as vehicle-platform gap, the location and design of handles and handrails, information signs, and emergency equipment and its associated sig-nage. The group also tested the design and location of seating and lighting in the train.

The train has also been given an external and internal colouring that makes it easier for people with visual impairments to find their way around.

There has been a major focus on creating an accessible train for all passenger groups so as to attract more people to travel on Stockholm’s public transport system. It is part of Region Stockholm’s ambitions to provide equal access for all to public transport.

Exterior of the new C30 train. Note the way that the doors clearly contrast with the side of the carriage to make them more visible.

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Documents

REGION STOCKHOLM GREEN BOND · 2020-05-12 · REGION STOCKHOLM GREEN BOND IMPACT REPORT 2019 3 “It is important Stockholm Region is leading the way to a green and sustainable future