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Environmental sustainability

The environmental dimension of sustainable development is about looking after nature and the climate as a renewable resource for people.

KBN aims to be a driver for the local government sector’s investment in green projects and to contribute to the transition to a low-carbon society. We are the only Norwegian financial institution to offer reduced-rate green loans to municipalities when they invest in climate friendly projects. We finance our green lending by issuing green bonds in the international capital markets. KBN raised its first green funding in 2010 and is now Norway’s most active issuer of green bonds.

KBN’s Green Bond Framework, which also defines the processes associated with granting green loans, disbursing funds and reporting, has been independently assessed by CICERO, a climate research centre. CICERO gave the framework its best possible ‘Dark green’ rating, which means that the projects KBN finances are in line with the 2050 climate targets.

Read more about our activities and targets for our work on environmental sustainability in our integrated annual report.

Read more about climate risk in the local-government sector (norwegian)

We are an Eco-Lighthouse company

Read more about the measures we take