PRE-ISSUANCE VERIFICATION LETTER LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD

Sustainalytics verified that DNB Boligkreditt's Green Covered Bond meets the Low Carbon Buildings criteria of the Climate Bonds Standard. The bond targets energy-efficient residential buildings in Norway complying with TEK10 or TEK17 building codes, representing the top 7% of energy performance in the local market.

• Sustainalytics verified that DNB Boligkreditt's Green Covered Bond conforms to the Low Carbon Buildings criteria of the Climate Bonds Standard Pre-Issuance Requirements. The verification process, conducted between April 10, 2018, and May 24, 2018, concluded that nothing came to the verifier's attention to suggest the bond was not in conformance in all material respects.
• The Green Covered Bond is intended to finance or refinance a loan portfolio of new and existing mortgages for energy-efficient residential buildings in Norway. Eligibility is based on compliance with Norwegian building codes 2010 (TEK10) or 2017 (TEK17).
• The eligibility criteria used by DNB Boligkreditt identify residential mortgages that represent the top 7% of energy performance in the Norwegian residential market. This exceeds the Climate Bond Standard requirement, which requires assets to be within the top 15%.
• DNB Boligkreditt has committed to specific internal processes and controls for the bond, including the systematic tracking of proceeds to ensure they are used exclusively for nominated projects. Unallocated proceeds will be held or invested in money market instruments within DNB's liquidity portfolio.

APA

Climate Bonds Initiative (2018). PRE-ISSUANCE VERIFICATION LETTER LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD. https://www.climatebonds.net/files/drupal-files/files/DNB%20Boligkreditt%20Pre-Issuance%20Verification%20Letter%20-%20Sustainalytics.pdf

Chicago

Climate Bonds Initiative. PRE-ISSUANCE VERIFICATION LETTER LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD. 2018. https://www.climatebonds.net/files/drupal-files/files/DNB%20Boligkreditt%20Pre-Issuance%20Verification%20Letter%20-%20Sustainalytics.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=PRE-ISSUANCE VERIFICATION LETTER LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD |date=2018 |url=https://www.climatebonds.net/files/drupal-files/files/DNB%20Boligkreditt%20Pre-Issuance%20Verification%20Letter%20-%20Sustainalytics.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018preissuance, author = {{Climate Bonds Initiative}}, title = {{PRE-ISSUANCE VERIFICATION LETTER LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD}}, institution = {Climate Bonds Initiative}, year = {2018}, url = {https://www.climatebonds.net/files/drupal-files/files/DNB%20Boligkreditt%20Pre-Issuance%20Verification%20Letter%20-%20Sustainalytics.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }