NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT

DNV GL Business Assurance Australia Pty Ltd provided a pre-issuance assurance statement for a senior unsecured SDG Green Bond proposed by National Australia Bank Limited (NAB). The verification confirms that the bond complies with the Climate Bonds Standard Version 2.1 (CBS v2.1) and associated sector technical criteria, and aligns with several United Nations Sustainable Development Goals (UN SDGs).

• DNV GL provided limited assurance that the proposed senior unsecured SDG Green Bond by National Australia Bank Limited (NAB) complies with the Climate Bonds Standard Version 2.1 (CBS v2.1) and its associated Sector Technical Criteria.
• The verification scope included five specific Sector Technical Criteria: Low Carbon Buildings (Commercial Property Criteria v1.0), Low Carbon Transport Criteria v1.0, Solar Energy Criteria v2.1, Wind Energy Criteria v1.1, and Marine Renewable Energy Criteria v1.0.
• As of 1 February 2018, the total eligible asset portfolio (excluding Low Carbon Buildings) was valued at $2,481,262,333 in AUD equivalent. This includes $1,849,336,171 for energy projects (wind, solar, and marine renewables) and $631,879,358 for low carbon transport (electrified passenger rail infrastructure and rolling stock).
• DNV GL conducted a qualitative review confirming that the bond's use of proceeds contributes to several UN Sustainable Development Goals (SDGs), specifically Target 7.2 (renewable energy share) and Target 9.1 (resilient infrastructure) via renewable energy projects.
• The use of proceeds for Low Carbon Transport was found to contribute to UN SDG 9, Target 9.1 (resilient infrastructure) and UN SDG 11, Target 11.2 (access to sustainable transport systems), specifically through electrified rail services.
• Commercial Low Carbon Buildings are aligned with UN SDG 7, Target 7.3 (energy efficiency) and UN SDG 11, Target 11.6 (reducing per capita environmental impact of cities), based on a benchmark requiring performance in the top 15% of the local market.

APA

Climate Bonds Initiative (n.d.). NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT. https://www.climatebonds.net/files/drupal-files/files/NAB%20SDG%20Green%20Bond%20DNV%20GL%20Pre%20Issuance%20Statement%20public.pdf

Chicago

Climate Bonds Initiative. NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT. n.d. https://www.climatebonds.net/files/drupal-files/files/NAB%20SDG%20Green%20Bond%20DNV%20GL%20Pre%20Issuance%20Statement%20public.pdf.

Wikipedia

{{cite press release |author=Climate Bonds Initiative |title=NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT |url=https://www.climatebonds.net/files/drupal-files/files/NAB%20SDG%20Green%20Bond%20DNV%20GL%20Pre%20Issuance%20Statement%20public.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatebondsinitiativendnab, author = {{Climate Bonds Initiative}}, title = {{NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT}}, publisher = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/NAB%20SDG%20Green%20Bond%20DNV%20GL%20Pre%20Issuance%20Statement%20public.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }