Green Bonds

KBN issued its first sustainability-themed transaction in 2010 and has been a regular issuer of public green bonds since 2013. We actively engage in developing the green finance market and the impact reporting exercise, while continuing to build a strong portfolio of green assets.

KBN’s green bonds finance green loans for climate-related investments in the local government sector in Norway. Our Criteria Document for Green Loans (pdf) define the eligibility criteria for green loans. Read more about our application and selection process for green loans on our green loans information page.

All projects with outstanding financing from KBN’s green loans are listed in our online Green Project List.

Current Framework

KBN Green Bond Framework 2024 (pdf)

S&P Second Opinion April 2024 (pdf)

Previous Framework

KBN Green Bond Framework 2021 (pdf)

CICERO Second Opinion March 2021 (pdf) 

KBN Green Bond Framework 2016 (pdf)  

CICERO Second Opinion June 2016 (pdf) 

NPSI_Position_Paper_2024.pdf