Green Bond Fact Sheet

This fact sheet describes a EUR 500 million green bond issued by the Norwegian savings bank Sparebank 1 SMN on September 11, 2019, with a maturity date of September 11, 2026. The bond is intended to finance green buildings and projects related to the circular economy.

• Sparebank 1 SMN issued a senior unsecured green bond on September 11, 2019, with a total amount of EUR 500 million (USD 552 million) and a 7-year tenor maturing on September 11, 2026.
• The proceeds of the bond are allocated to green buildings and products, technologies, or processes adapted to the circular economy. For buildings to qualify, they must meet at least one of three criteria: be in the top 15% for energy performance in their category in Norway, achieve specific certifications such as LEED "Gold", BREEAM "Excellent", BREEAM-NOR "Excellent", or the Nordic Swan Ecolabel, or demonstrate an energy efficiency improvement of at least 30%.
• Sparebank 1 SMN is identified by the Climate Bonds Initiative as the first bank to use green bond proceeds to finance circular economy projects. To qualify for this financing, projects must use certification schemes including the Eco-Lighthouse Label, Nordic Swan Ecolabel, Marine Stewardship Council (MSC), Aquaculture Stewardship Council (ASC), and GLOBAL GAP.
• The issuer has committed to publishing an annual impact and proceeds report until all funds are allocated. This reporting will include key performance indicators (KPIs) such as energy consumption, the amount of unallocated proceeds, and the proportion of eligible loans and revenue derived from certified products, services, and processes.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-09%20NOR%20Sparebank%201%20SMN.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-09%20NOR%20Sparebank%201%20SMN.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 September 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-09%20NOR%20Sparebank%201%20SMN.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 = sep, url = {https://www.climatebonds.net/files/drupal-files/files/2019-09%20NOR%20Sparebank%201%20SMN.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }