Second-Party Opinion Download

Sustainalytics is of the opinion that the SpareBank 1 Boligkreditt Green Bond Framework is credible and impactful, and aligns with the four core components of the Green Bond Principles 2018. This assessment is based on the following:

USE OF PROCEEDS

The eligible category for the use of proceeds is aligned with those recognized by the Green Bond Principles. Sustainalytics considers that the Eligible Green Loan Portfolio will lead to positive environmental impacts and advance the UN Sustainable Development Goals, Goal 7 and 11.

PROJECT EVALUATION/SELECTION

SpareBank 1 Boligkreditt has established a Green Bond Committee which consists of members from SpareBank 1 Boligkreditt’s board and management. The committee is responsible for managing the Framework, including the definition of eligible mortgages and any future updates to the document. All selected assets must follow national and regional regulations.

MANAGEMENT OF PROCEEDS

SpareBank 1 Boligkreditt intends to manage green bond proceeds using a portfolio approach by allocating eligible loans to an Eligible Green Loan Portfolio. SpareBank 1 Boligkreditt expects full allocation upon issuance. However, if there should be any unallocated proceeds, these will be invested in the company’s liquidated portfolio in money market instrument. This is in line with market practice.

REPORTING

SpareBank 1 Boligkreditt intends to report both on the allocation and the impacts of the proceeds in an annual report, a quarterly statistical report, and on the SpareBank 1 Boligkreditt website. In addition, SpareBank 1 Boligkreditt is committed to reporting on the size and composition, as well as the energy use and CO₂ emission of the whole portfolio. Sustainalytics views SpareBank 1 Boligkreditt’s allocation and impact reporting as aligned with market practice.