NAB SDG GREEN BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT

DNV GL has provided limited assurance that NAB's proposed SDG Green Bond complies with the Climate Bonds Standard Version 2.1 (CBS v2.1) and relevant Sector Technical Criteria. The verification covers a portfolio of eligible assets including wind, solar, marine renewables, electrified passenger rail, and commercial buildings. DNV GL also conducted a qualitative review confirming the bond's alignment with several United Nations Sustainable Development Goals (UN SDGs), specifically targets related to affordable and clean energy, industry innovation and infrastructure, and sustainable cities and communities.

• DNV GL concludes that the proposed BOND is in all material respects compliant with the requirements of the Climate Bonds Standard Version 2.1 (CBS v2.1) and the 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, consisting of $1,849,336,171 for energy (wind, solar, marine renewables) and $631,879,358 for low carbon transport (electrified passenger rail infrastructure and rolling stock).
• The bond's use of proceeds is aligned with UN SDG 7 (Affordable and Clean Energy) through renewable energy projects and energy efficiency in commercial buildings, UN SDG 9 (Industry Innovation and Infrastructure) via renewable energy and transport infrastructure, and UN SDG 11 (Sustainable Cities and Communities) through electrified rail and low-carbon buildings.
• The verification process involved a high-level review of documentation, desktop research, an onsite visit, and interviews with NAB personnel, though DNV GL did not perform a full audit to check the veracity of the provided information.

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} }