Green Covered Bond Framework

DNB Green Covered Bond Framework

DNB Boligkreditt AS is a wholly-owned subsidiary of DNB Bank ASA and the DNB Group’s vehicle for covered bonds issuance based on residential mortgages. DNB Boligkreditt AS has around NOK 485 billion in covered bonds outstanding and a cover pool of more than NOK 670 billion of residential mortgages.

DNB has appointed Multiconsult as advisor to establish criteria to identify the most energy efficient residential mortgages in its cover pool. Based on building code requirements and the building year of each residential building, DNB has identified a portfolio of green loans currently corresponding to approximately 13% of the cover pool, eligible for issuance of Green Covered Bonds.

Green Covered Bonds suits well with DNB’s overall strategy, where Corporate Responsibility has been raised as one of four priorities to be incorporated in all processes in DNB.

DNB has obtained a second party opinion from Sustainalytics. Impact Analysis is provided by Multiconsult.