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Stockholm County Council Green Bond Investor Presentation 1

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DisclaimerThis presentation may not be distributed in the United States or to U.S. persons as defined in Regulation S of the U.S. Securities Act 1933, as amended. The information contained in

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Слайд 1Stockholm County Council
Green Bond Investor Presentation

Stockholm County CouncilGreen Bond Investor  Presentation

Слайд 2Disclaimer
This presentation may not be distributed in the United States

or to U.S. persons as defined in Regulation S of

the U.S. Securities Act 1933, as amended.
The information contained in this Presentation has been prepared exclusively for the benefit and internal use of prospective investors in order for them to evaluate the feasibility of a potential financing for Stockholm County Council (“SCC”) and for no other purpose. This Presentation may not be used for any other purposes without the prior written consent of SCC. This Presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by SCC and other documentation and material made available in connection with a potential financing. The information does not purport to be all-inclusive or to contain all information that a prospective investor may desire. It is understood that each recipient of this Presentation will perform its own independent investigation and analysis of the proposed financing and the creditworthiness of SCC, based on such information as it deems relevant. The information contained herein is not a substitute for the recipient’s independent investigation and analysis. Recipients of this Presentation and the information contained herein must check and observe all applicable legal requirements and, for the avoidance of doubt, receipt of this Presentation and the information contained herein may not be taken as discharging the regulatory or statutory responsibilities under applicable legislation of any such recipient.
The distribution of this Presentation and a potential financing for SCC may in certain jurisdictions be restricted by law. Any persons reading this Presentation should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. SCC shall not have any responsibility for any such violations. This Presentation does not constitute an offer to sell or issue, or the solicitation of an offer to buy or subscribe, any securities in any jurisdiction.
This Presentation includes information which is or may constitute forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties and SCC cautions the recipients of this Presentation that forward-looking information and statements are not guarantees of future performance and that its actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Any such forward-looking statements and this Presentation are based on current expectations, estimates and projections about [global economic conditions and of the economic conditions of SCC. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates”, “targets”, “intends”, “anticipates” or similar expressions or the negatives thereof. Important factors that could cause actual results to differ materially from those expectations include, among others, [macroeconomic fluctuations, changes in tax levels and tax basis, inflation rate, interest rates], and such other factors as may be discussed from time to time in the Presentation. Although it is believed that such expectations and the Presentation are based upon reasonable assumptions, no assurance can be given that those expectations will be achieved or that the actual results will be as set out in this Presentation. SCC is not making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither SCC nor any of its respective directors, officers or employees will have any liability to any recipient of this Presentation or any other persons resulting from such recipient’s or other person’s use.
Potential investors should not construe the contents of this Presentation as legal, accounting or tax advice. This Presentation has been prepared for information purposes only and should not be conceived as investment advice. In making an investment decision investors must rely on their own examination of SCC including the merits and risks involved. Each prospective investor should consult with its own advisors as to the legal, accounting, tax, business, financial and related aspects of a potential financing for SCC.
Any views contained in this Presentation are based on financial, economic and other conditions prevailing at the date hereof and SCC shall be under no obligation to update this Presentation in the light of changes to such conditions or otherwise.
DisclaimerThis presentation may not be distributed in the United States or to U.S. persons as defined in

Слайд 3Key Credit Highlights
Critical part of Swedish economy
Strong institutional framework
Solid financial

position
Favourable macro-economic environment
High employment rate (71,3% Q 3 2015)

and strong population growth
Average Gross Regional Product (GRP) growth of 2,9% between 2001-2013

Stockholm County Council (“SCC”) incorporates 26 municipalities at the heart of the Kingdom of Sweden’s (Aaa/AAA/AAA) capital Stockholm
Responsible for over 30% of Swedish Gross Regional Product
Home to 23% of Swedish population
SCC is rated AA+ (stable) by Standard & Poor’s

Predictable and stable regional government policies
Fiscal policy framework that promotes budgetary discipline

Conservative financial policy
Ability to levy taxes through the income tax rate
Zero per cent risk weighted by Bank for International Settlements (BIS)

Source: Eurostat and SCB (Statistics Sweden)

Environmental

Systematic and goal oriented sustainability work as an integrated part of the SCC tasks.
The first environmental program was adapted in 1990.

Key Credit HighlightsCritical part of Swedish economyStrong institutional frameworkSolid financial position Favourable  macro-economic environmentHigh employment rate

Слайд 4Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction
Appendix
Content

Overview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendixContent

Слайд 5SCC Responsibilities and Structure
In Sweden, public sector consists of a

three-tier system:
Central Government
Higher education
Police and military
National roads
County Councils
Healthcare
Public transport
Regional planning


Culture
Municipalities
Childcare
Compulsory education
Upper secondary education
Elderly care

Sweden

Stockholm County Council

SCC is a legally independent entity
It is a democratically controlled organisation and has:
Its own legislatures, and;
Its own taxation rights
It is the largest of Sweden’s 20 county councils
Includes 26 municipalities
Has 2.2 million inhabitants

SCC Responsibilities and StructureIn Sweden, public sector consists of a three-tier system:Central GovernmentHigher educationPolice and militaryNational roadsCounty

Слайд 6Strong Institutional Framework
A local government cannot be declared bankrupt in

Sweden:
The Swedish Court has stated that the local governments in

Sweden are NOT covered by the Bankruptcy Act (RH 1996:75) meaning bankruptcy in accordance to the Swedish Bankruptcy Act is not applicable for local governments
This is due to the fact that local governments have constitutional rights to levy taxes and this is also supported by the Swedish Constitution

Requirement for sound financial management

Balanced budget requirement

Local government financing principle

Financial equalisation

Local governments must work according to a sound financial management

Law: “Kommunallagen chapter 8, §1-2 (1991:900)”

Annual local government budgets should be in balance, imbalances are normally restored within 3 years

Law: “Kommunallagen chapter 8, §4-5 (1991:900)”

If the government alters the tasks of local governments, the government must also neutralise their financial effect

Approved by the parliament and in force since 1993

Imbalances between local governments are equalised annually through income and cost equalisation schemes

Law:
“Lagen (2004:773) om kommunalekonomisk utjämning”

Strong Institutional FrameworkA local government cannot be declared bankrupt in Sweden:The Swedish Court has stated that the

Слайд 7Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction

Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendix

Слайд 8Sweden’s Economy in Brief
Key facts of Sweden
Strong underlying economy
Source: Eurostat

Sweden’s Economy in BriefKey facts of SwedenStrong underlying economySource: Eurostat

Слайд 9Stockholm County Council in Numbers
Population
GRP
Stockholm County is the growth engine

of Sweden
Considerable proportion of the national output

Continued population growth fuelled

by a strong labour market

Geographical size

Unemployment

Source:
GRP: Latest available data from SCB (Statistics Sweden) “GRP” - Gross Regional Product
Unemployment: SCB (RAMS) and Arbetsförmedlingen

23%
(2.2m)

2013

2014

32%

1%
(6,488km2)

SCC’s position in Sweden

Stockholm County Council in NumbersPopulationGRPStockholm County  is the growth  engine of SwedenConsiderable proportion  of

Слайд 10Robust Underlying Economy
xxx
Stockholm County Council - GDP growth per year
Net

population growth
Diverse private sector
Source: Latest available data from Eurostat,

SCB (Statistics Sweden) “RGDP” - Regional Gross Domestic Product *No GDP data currently available for SCC from 2013 onwards

Diverse private sector

Robust Underlying EconomyxxxStockholm County Council - GDP growth per yearNet population growthDiverse private sector Source: Latest available

Слайд 11Stockholm’s Global Position
Stockholm County (2013)
Home to leading companies
Home to 4

of the world’s strongest banks
Head offices of global leading corporates
Stockholm

in Rankings

Source: SBR Annual Report, SCB, Stockholm Chamber of Commerce

Select leading Stockholm based companies

Banks in the Nordic considered among the soundest in the world and are subject to some of the toughest capital requirements globally

Stockholm’s Global PositionStockholm County (2013)Home to leading companiesHome to 4 of the world’s strongest banksHead offices of

Слайд 12Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction

Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendix

Слайд 13Financial prerequisites
2014 revenue
2014 costs
In 2014, revenues amounted to SEK 82.5

billion
County council tax was SEK 12.10 per taxable 100 kronor


In

2014, costs were SEK 82.3 billion

Patient fees, 2 %

State subsidies, 4 %

Tax revenue, 78 %

Other revenues, 8%

Transportation fees, 8 %

Source: SCC, 2014 financial results and financial results per 2015-11-30

Medication, 8 %

Staff costs, 33 %

Purchased healthcare, dental care, 21 %

Capital costs 5 %

Other costs, 18 %

Purchased transportation, 15 %

2015 January-November in brief

The surplus for the period is SEK 2,016 million.

The forecast surplus for 2015 remains SEK 150 million, compared with the annual budget of SEK 53 million.

Operating expenses for the period increased by 3.3 per cent compared with the same period last year.

Investments for the period total SEK 12,426 million, which is equivalent to a degree of completion of 82 per cent compared with budget.

The investment forecast is SEK 14,618 million compared with a budget of SEK 15,225 million.



Financial prerequisites2014 revenue2014 costsIn 2014, revenues amounted to  SEK 82.5 billionCounty council tax was SEK 12.10

Слайд 14SCC total Investment Plans
Selected major investments
The plan for future

health and medical care
New University Hospital – A new world

class university hospital
Södertälje Hospital
Expanded metro – 20 kilometres of new track and nine new stations
The Red Metro Line – New signal system and new metro cars

Investment financials

Source: SCC, Budget 2016, and financial results per 2015-11-30

SCC total Investment Plans Selected major investmentsThe plan for future health and medical careNew University Hospital –

Слайд 15Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction
Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendix

Слайд 16Debt Portfolio and Financial Policy
Full hedging of all foreign exchange

risk inherent in non-SEK debt
Interest rate derivatives only against underlying

debt, no speculative trading
Derivatives only entered into with highly credit worthy counterparties
(S&P:A-, Moodys:A3, Fitch:A-)

Source: SCC, as per February 2016

Policy is reviewed annually and monitored daily

Debt Portfolio and Financial PolicyFull hedging of all foreign exchange risk inherent in non-SEK debtInterest rate derivatives

Слайд 17Debt Portfolio and Maturity Profile
Total borrowings of SEK 42bn as

per 31 December 2015
Debt maturity profile
Source: SCC, as per 31st

December 2015

Debt type breakdown

Public bonds 47%

Bilateral loans 30%

Leasing 23%

Debt Portfolio and Maturity ProfileTotal borrowings of SEK 42bn  as per 31 December 2015Debt maturity profileSource:

Слайд 18Funding Plans for 2016
Budget 2016 including financing plans were approved

in June 2015 by the County Council Assembly
Estimated funding

need 2016 is SEK 10 billion (including refinancing)

Cash flows will be closely linked to the pace of investments and are assessed on an ongoing basis. Investors are encouraged to contact SCC directly for the latest information
Source: Budget 2016

2016 Funding Plans

2016 Funding activities

Benchmark EUR500mn or sub-benchmark with possibility to tap in green format
1-2bn SEK, public issue
Opportunistic Private Placement
Bilateral from EIB/NIB

Funding Plans for 2016Budget 2016 including financing plans were approved in June 2015 by the County Council

Слайд 19Strong and Stable Rating
Rated by S&P since September 1999
AA+ stable

maintained since November 2007
AA+ with stable outlook since November 2007
“The

ratings reflect our view of Stockholm County Council's very strong economy and very low contingent liabilities, and Sweden's extremely predictable and supportive institutional framework. The ratings are further supported by our assessments of the county council's strong financial management, budgetary flexibility, and liquidity.” (S&P October 16 2015)

Historical rating trajectory

AAA

AA+

AA

AA-

A+


Source: Standard & Poor’s, October 16 2015

Strong and Stable RatingRated by S&P since September 1999AA+ stable maintained since November 2007AA+ with stable outlook

Слайд 20Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction
Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendix

Слайд 21Overarching vision
The County Council's environmental work is groundbreaking, stimulates environmental

technology development and inspires other actors The County Council's activities are

climate-efficient, resource-efficient and health-promoting Environmental work is a fundamental part of the County Council's work for sustainable societal development and for good health
Overarching visionThe County Council's environmental work is groundbreaking, stimulates environmental technology development and inspires other actors

Слайд 22Environmental Challenge – three target areas – 16 interim targets

Resource-Efficient
Reducing the environmental and health risks of chemical products

and goods

Adopting an eco-cycle approach in the use of goods and services

Streamlining care chains

Planning construction that is adapted to the eco-cycle and low on resource use

Reducing the quantities of waste and improving waste management

Promoting resource-efficiency and accessibility in urban development structure

Reducing the environmental risks of medicines

Reducing emissions of air pollutants and noise

Increasing the quantity of organic foodstuffs

Promoting a healthy living environment

Improving the efficiency of energy use

Improving the energy efficiency of transport

Increasing the share of renewable energy

Reducing emissions of medical gases that have a climate impact

Increasing the share of food- stuffs with a low climate impact

Regional planning for a lower climate impact per inhabitant

Environmental Challenge – three target areas – 16 interim targets  Resource-EfficientReducing the environmental  and health

Слайд 23Climate Strategy
The target area Climate-Efficient is the County Council's climate

strategy
Overarching climate strategy
In 2020, the County Council's total greenhouse gas

emissions shall be at least 75 % lower compared with the year 1990

In 2016, the County Council's total greenhouse gas emissions shall be at least 30 % lower compared with the year 2011


Improving the efficiency of energy use

Improving the energy efficiency of transport

Increasing the share of renewable energy

Reducing emissions of medical gases that have a climate impact

Increasing the share of food- stuffs with a low climate impact

Regional planning for a lower climate impact per inhabitant

Climate StrategyThe target area Climate-Efficient is the County Council's climate strategyOverarching climate strategyIn 2020, the County Council's

Слайд 24Climate Strategy
OVERARCHING CLIMATE GOAL
In 2016, the County Council's total greenhouse

gas emissions shall be at least 30 % lower compared

with the year 2011.
Result 2014: 35%

Climate StrategyOVERARCHING CLIMATE GOALIn 2016, the County Council's total greenhouse gas emissions shall be at least 30

Слайд 25Climate Strategy

Goals for renewable energy
In 2016, the share of renewable

fuels for transport in County Council-funded activities shall be at

least 75 per cent
In 2016, the share of renewable energy for heating, cooling and electricity in premises where County Council-funded activities are conducted shall be at least 95 per cent
Results for renewable energy
Bus service. 89 percent renewable fuel in volume and 85 per cent of bus fleet is green
All transports within the county council: 79 per cent renewable fuel
Buildings: 95 per cent renewable energy (2013: 95 %)
Locum is planing to build solar cells in at least 20 000 m2, which would make Locum largest in Sweden on solar electricity.


Improving the efficiency of energy use

Improving the energy efficiency of transport

Increasing the share of renewable energy

Reducing emissions of medical gases that have a climate impact

Increasing the share of food- stuffs with a low climate impact

Regional planning for a lower climate impact per inhabitant

Climate StrategyGoals for renewable energyIn 2016, the share of renewable fuels for transport in County Council-funded activities

Слайд 26Graphic from The Swedish Association of Graduate Engineers

A few examples

are:
Hybrid buses
Electrically powered vessels
Solar cells
SCC works with sustainability in several

areas
Graphic from The Swedish Association of Graduate EngineersA few examples are:Hybrid busesElectrically powered vesselsSolar cellsSCC works with

Слайд 27Resource Efficient
Reduced resource use and closed eco-cycles with respect to

goods and services.
Waste as a resource is highlighted.
Food waste is

collected for biogas production.

Adopting an eco-cycle approach in the use of goods and services

Streamlining care chains

Planning construction that is adapted to the eco-cycle and low on resource use

Reducing the quantities of waste and improving waste management

Promoting resource-efficiency and accessibility in urban development structure

Resource EfficientReduced resource use and closed eco-cycles with respect to goods and services.Waste as a resource is

Слайд 28Health care contributes to CO2 emissions as can be seen

from these examples of annual impact
Solution renewable material
For example SCC

influences suppliers with use of procurement to produce sustainable innovative solutions

SCC works with reducing climate footprints through sustainable procurements

Health care contributes to CO2 emissions as can be seen from these examples of annual impactSolution renewable

Слайд 29Social responsibility
The County Council has ethical guidelines for healthcare,
a code

of conduct for suppliers, and regulating collaboration between healthcare and

the pharmaceuticals industry.
Areas of priority:
to combat discrimination and promote equality
access for people with disabilities
SER in supply chain
Social responsibilityThe County Council has ethical  guidelines for healthcare,a code of conduct for suppliers, and

Слайд 30Future environmental program is under development. The new program will

be valid for 2017-2021
Some examples of areas that may be

considered in the future plan:
Climate calculations
Life cycle analysis of for example textiles
Mobility
Sustainable procurement

Future environmental program is under development. The new program will be valid for 2017-2021Some examples of areas

Слайд 31HEALTH SYSTEMS AND HOSPITALS ARE INVITED TO JOIN GGHH AND

THE 2020 CHALLENGE!

For more information
and to sign up for

the 2020 Health Care Climate Challenge visit:
www.greenhospitals.net

SCC collaborates with health care organizations regarding sustainability questions

HEALTH SYSTEMS AND HOSPITALS ARE INVITED TO JOIN GGHH AND THE 2020 CHALLENGE! For more informationand to

Слайд 32Audit of environmental performance at SCC
Annual environmental report
Every other year

– external audit
Internal audit every year


Audit of environmental performance at SCCAnnual environmental reportEvery other year – external auditInternal audit every year

Слайд 33Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy
Environmental Policy
2016 Green Bond

Transaction

Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding PolicyEnvironmental Policy2016 Green Bond TransactionAppendix

Слайд 34SCC’s Green Bond Framework
The proceeds are earmarked to support Green

projects as defined in SCC’s Green Bond framework, comprising investments

in:





SCC provides transparency through annual investor letters published on our webpage
SCC offer investors to participate in field studies on site
To secure prudence the Green Bond framework received a second opinion from the independent research center CICERO

SCC’s Green Bond FrameworkThe proceeds are earmarked to support Green projects as defined in SCC’s Green Bond

Слайд 35SCC’s Green Bond Framework
To secure prudence the Green Bond framework

received a second opinion from the independent research center CICERO
Extract

from CICERO:s second opinion on SLL:s Green Bond Framework:
”SLL takes a broad view of climate change impact in its environmental policies, incorporating life-cycle analysis and suppliers”
”Management system certified to ISO 14001 to evaluate performance with respect to its environmental objectives”
SCC Green Bond is fully compliant with Green Bond Principles



SCC’s Green Bond FrameworkTo secure prudence the Green Bond framework received a second opinion from the independent

Слайд 36What is Miljöbyggnad Gold?
Energy:
Energy consumption
Heat power
Solar Heat Load
Energy source
Materials:
Documentation of

building materials
Phase-out hazardous substances
Decontamination of hazardous substances


Indoor environment:
Moisture safety
Thermal climate

winter
Thermal climate summer
Daylight
Legionella
Radon
Ventilation Standard
Nitrogen dioxide


Source: Thyréns (one of Sweden’s leading multi-disciplinary consultancies)

What is examined?

An environmental certification system for buildings
A building can achieve the grade bronze, silver or gold
SCC aims to certify new hospital buildings at the highest level (”Gold”)

What is Miljöbyggnad Gold? Energy:Energy consumptionHeat powerSolar Heat LoadEnergy sourceMaterials:Documentation of building materialsPhase-out hazardous substancesDecontamination of hazardous

Слайд 37Miljöbyggnad gold, Careful scrutiny of the documents to verify compliance
Self-check

of the application
Formalities check by Sweden Green Building Council
Third-party assurance
Third-party

assurance
Objects if there is various information, such as different U-values of windows, airflow, energy use, LT-value, etc.
Checks that the calculations are correct
Makes sure that the annexes and supporting documents are linked to the building of interest

Source: Thyréns (one of Sweden’s leading multi-disciplinary consultancies)

Miljöbyggnad gold, Careful scrutiny of the documents to verify complianceSelf-check of the applicationFormalities check by Sweden Green

Слайд 38Miljöbyggnad Gold, important examples for healthcare buildings
65 % of legal

demands on energy use
100 % renewable energy
Safe and healthy indoor

environment with daylight, good thermal comfort and no harmful emissions
Documentation of all building materials
No uses of harmful substances

Source: Thyréns (one of Sweden’s leading multi-disciplinary consultancies)

Miljöbyggnad Gold, important examples for healthcare buildings65 % of legal demands on energy use100 % renewable energySafe

Слайд 39SCC’s Green Bond transaction 2014
Issued a 6 year SEK 1.1

billion Green Bond on 12 May 2014
Two projects have been

included in the bond:
Roslagsbanan expansion programme (train)
Construction of Södertälje hospital, consistent with Miljöbyggnad Gold

Develop and strengthen the capacity
45 000 travelers per weekday
Saves around 80 tons of CO2 per weekday

Key terms

Expanded and modernized hospital to be more efficient and flexible, according to Miljöbyggnad certification Gold
Energy balance calculations
Environmental audits

SCC’s Green Bond transaction 2014Issued a 6 year SEK 1.1 billion Green Bond on 12 May 2014Two

Слайд 40SCC’s Green Bond transaction 2015
Issued a 6 year SEK 1.8

billion Green Bond on 28 May 2015
Projects included in the

bond are New Karolinska Solna (building), Roslagsbanan (train) and Södertälje (hospital)

Key terms

Construction of New Karolinska (NKS) started up 2010
Certified by Sweden Green Building Council and by LEED (gold)
Only half of the allowed energy will be needed for the plant
100 percent of the used energy is renewable
The property is carbon neutral

SCC’s Green Bond transaction 2015Issued a 6 year SEK 1.8 billion Green Bond on 28 May 2015Projects

Слайд 41SCC’s Green Bond projects 2016
*These are main part of eligible

projects for 2016. Use of proceeds are closely linked to

pace of investments, therefore there may be change of projects. However, all projects are in accordance to SLL:s green bond framework.
SCC’s Green Bond projects 2016*These are main part of eligible projects for 2016. Use of proceeds are

Слайд 42Eligible projects 2016
Climate neutral, 50% less energy consumption compared to

standard hospital
The mission is to be the world’s leader in

environmentally friendly applications to a world class university hospital
The hospital will provide highly specialized healthcare and conduct basic research, patient-focused clinical research and education according to Miljöbyggnad certification Gold and LEED Gold
In September 2015 the last construction phase was approved
A provisional certificate can therefore be issued for the whole facility after an extensive third- party audit
Part of the hospital open in 2016

At least 30% less energy consumption compared to Swedish standard (Boverket)
Sweden Green Building Council’s certification level Gold
Södertälje Hospital is being expanded and modernized
The project is intended to meet the estimated increased need of care capacity in the immediate area by 2020.

New Karolinska Solna

Södertälje hospital

Eligible projects 2016Climate neutral, 50% less energy consumption compared to standard hospitalThe mission is to be the

Слайд 43(SCC Slide)
Heat Pump
Heating and cooling from Boreholes
Heat and Cool storage
Cooling

for process and comfort cooling. Heating for hot water and

heating

Heat recovery from equipment and facility

Technical Building

Renewable energy from district heating and cooling

160 boreholes 220 m deep

Hospital building

Renewable electricity

Solar panels

(SCC Slide)Heat PumpHeating and cooling from BoreholesHeat and Cool storageCooling for process and comfort cooling. Heating for

Слайд 44An upgrade of the red metro line
25 percent higher capacity

during rush hours
New depot
New subway trains
New traffic control system and

control center

Eligible projects 2016

Red Metro Line

An upgrade of the red metro line25 percent higher capacity during rush hoursNew depotNew subway trainsNew traffic

Слайд 45Frida Korneliusson, CEO SCC Treasury Department frida.korneliusson@sll.se, +46 70-737 44 20

Rosel

Ragnarsson, Deputy CEO/Portfolio Manager SCC Treasury Department rosel.ragnarsson@sll.se, +46 70-737

39 84

Charlotta Brask, Environmental Manager SCC charlotta.brask@sll.se, +46 70-002 88 10

Contact details

Frida Korneliusson, CEO SCC Treasury Department frida.korneliusson@sll.se, +46 70-737 44 20Rosel Ragnarsson, Deputy CEO/Portfolio Manager SCC Treasury

Слайд 46Content
Overview of SCC
Regional Macro-Economic Conditions
Financial Position
Funding Policy and Plans
Appendix

ContentOverview of SCCRegional Macro-Economic ConditionsFinancial PositionFunding Policy and PlansAppendix

Слайд 47Stockholm County Council organisation

Stockholm County Council organisation

Слайд 48Prudent Budget for Balanced Finances Forecast 2015
Forecast 2015
Budget is set by

the County Council Assembly

Budget facts
Budget is set by the County

Council Assembly
Budget must balance according to Swedish law
SCC has the right to levy tax
Predictable revenues with tax forecasts 5–7 times per year
Stable track record

Financials and budget projections

Source: SCC, Budget 2016 and financial results per 2015-11-30

Prudent Budget for Balanced Finances Forecast 2015Forecast 2015Budget is set by the County Council AssemblyBudget factsBudget is

Слайд 49Code of Conduct
UN Declaration of Human Rights
ILO eight core conventions
All

work-related health and safety legislation in the manufacturing country
Decent wages

and working hours
Environmental demands
Anti-corruption
Code of ConductUN Declaration of Human RightsILO eight core conventionsAll work-related health and safety legislation in the

Слайд 50Terms and conditions

The supplier must have routines to ensure that

production is consistent with the requirements in the code of

conduct. The routines should include at least:

Mandates and responsibilities within the company
Assessment of social risks in production
Requirements for subcontractors/production
Control of subcontractors/production
Findings
Terms and conditionsThe supplier must have routines to ensure that production is consistent with the requirements in

Слайд 51Follow-ups
Self-Assessment
2009: Textiles, Instruments, Gloved
2010: Gloves, Surgical articles, Dressings, Laparoscopy
2012: Surgical

textiles, IT
2013: Pharmaceuticals, Instruments
Audits:
2009: Instruments, Textiles
2010: Gloves
2013: IT,

Textiles, Pharmaceuticals, Instruments
2015: IT, Textiles, Pharmaceuticals, Instruments, Gloves

Follow-upsSelf-Assessment2009: Textiles, Instruments, Gloved2010: Gloves, Surgical articles, Dressings, Laparoscopy2012: Surgical textiles, IT 2013: Pharmaceuticals, InstrumentsAudits: 2009: Instruments,

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