Green Bond Fact Sheet

This fact sheet details a NOK 400 million green bond issued by NorgesGruppen, a major Norwegian food retailer, on February 15, 2019, to finance clean transportation, green buildings, and renewable energy projects in Norway.

• NorgesGruppen issued a senior unsecured green bond on February 15, 2019, with a total amount of NOK 400 million (approximately USD 46 million) and a maturity date of February 12, 2024.
• The net proceeds from the bond are dedicated exclusively to financing and refinancing projects and assets within Norway, specifically targeting renewable energy (solar, onshore wind, geothermal, and hydro), green buildings, and clean transportation (electric vehicles).
• The green bond framework allows for up to 15% of net proceeds to be used for environmental investments that have a positive impact other than the direct mitigation of climate change.
• NorgesGruppen has committed to annual reporting on the use of proceeds and impact, with the first report expected in April 2020. This reporting will include the Green Account balance, the sum of outstanding green bonds, and the proportion of net proceeds allocated to new investments.
• NorgesGruppen, one of Norway's largest food retail companies with 1835 grocery stores and 40,000 employees, aims to become a climate-neutral business, focusing near-term on renewable energy production, waste management improvements, and renewable fuel distribution.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-02%20NO%20NorgesGruppen.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-02%20NO%20NorgesGruppen.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=20 February 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-02%20NO%20NorgesGruppen.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/2019-02%20NO%20NorgesGruppen.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }