Sparebank 1 Sor-norge Asa · OSL:SB1NO
Sparebank 1 Sor-norge Asa — SpareBank 1 SR-Bank — Debt Investor Presentation (2023)
23 slides from Sparebank 1 Sor-norge Asa's debt investor presentation, 2023
Slide 1: Sustainability within SR-Bank and SR-Boligkreditt
Sustainability within SR-Bank and SR-Boligkreditt SR-Bank SR-Boligkreditt
Slide 2: Sustainability within SR-Bank
Sustainability within SR-Bank • The group’s sustainability principles are based on the 17 UN Sustainable Development Goals • We support the UN Global Compact’s ten principles for sustainability • We are a founding signatory of the UN Principles for Responsible Banking SR-Bank 2 SR-Boligkreditt
Slide 3: Sustainability governance at SR-Bank
Sustainability governance at SR-Bank Board of Directors Group Executive Management Group Exec Mgt Executive Vice President of People, Sustainability and Communications Executive VP Risk Management Group Strategic Sustainability Committee Sustainability department Business units are responsible for r
Slide 4: Our operations are managed through focusing on a long-term perspective
Our operations are managed through focusing on a long-term perspective We take a proactive approach to environmental and climate challenges. We have Environment and Climate climate is a material part of the group sustainability strategy Sustainable lending SR-Bank expects our customers take a consci
Slide 5: SpareBank 1 SR-Bank's sustainability targets
SpareBank 1 SR-Bank’s sustainability tragets A pro-active ally to our clients in the transition to a more sustainable society Equality Combat Emission Transition and financial reduction diversity crime • Financing and facilitation • Gender balance of NOK 50 billion in (40/60) on all management • Hav
Slide 6: Sustainability means better services for our customers
Sustainability means better services for our customers ESG risk-model for Maintenance First sustainability- Adaptations and corporate market – calendar linked loan paid out follow-up – The EAD>50 million in CM Transparency Act Funds with a focus Legal services on sustainability New ESG risk-model EU
Slide 7: Sector specific ESG Due Diligence at loan origination
Sector specific ESG Due Diligence at loan origination • For corporate clients with an exposure larger than NOK 10 million, we have developed an ESG due diligence questionnaire, which must be completed prior to any credit being granted • The assessment includes questions that directly target a custom
Slide 8: Translating climate risk into financial risk – FY22
Translating climate risk into financial risk – FY22 Emissions Analysis The group reports greenhouse gas emissions in line with the GHG Protocol. ➢ Since 2021, SpareBank 1 SR-Bank has analysed emissions levels from corporate loans based on the methodology of the Partnership for Carbon Accounting Fina
Slide 9: SR-Bank is second most climate aligned bank for our shipping portfolio
SR-Bank is second most climate aligned bank1 for our shipping portfolio (28 signatories) The Poseidon Principles are a framework for assessing and disclosing the climate alignment of ship finance portfolios. They create common global baselines that are consistent with and supportive of society’s goa
Slide 10: ESG ratings
ESG ratings • "Prime status" and rating C by ISS-ESG (January 2023) • Sustainalytics: "Low risk "; low risk experiencing material financial impact from ESG factors; 20 out of 432 regional banks by Sustainalytics (August 2022) • MSCI ESG Rating: "Level AA" (January 2023) • CDP: score B (December 2022
Slide 11: Initiatives and frameworks that SpareBank 1 SR-Bank is affiliated with
Initiatives and frameworks that SpareBank 1 SR-Bank is affiliated with Responsible Ship Recycling Standards (RSRS) Norwegian State Pension Fund All SpareBank 1 SR-Bank’s sustainability related initiatives, frameworks, guidelines etc. can be found in our Sustainability Library SR-Bank 11 SR-Boligkred
Slide 12: Green Bond Framework
Green Bond Framework SR-Bank SR-Boligkreditt
Slide 13: Green Bond Framework Highlights
Green Bond Framework Highlights Projects Manage- Use of Evaluation External ment of Reporting Proceeds and Review Proceeds Selection Green Bond committee SR-Bank intends to make and keep ISS has issued a Second Party The Green Bonds proceeds Green buildings, renewable established. Evaluation and rea
Slide 14: Use of Proceeds overview
Use of Proceeds overview SR-Boligkreditt SR-Bank Green Covered Bonds Green Senior Bonds Green buildings Green buildings Renewable Energy Clean Transportation • Loans to finance or refinance new or • Loans to finance or refinance new or • Loans, credit and investments to • Loans aiming at financing o
Slide 15: Management of Proceeds
Management of Proceeds • The Green Bond Proceeds will be managed in a portfolio approach • SR-Bank intends to allocate the proceeds from the Green Bonds to a portfolio of loans that meet the use of proceeds eligibility criteria • SR-Bank will strive, over time, to achieve a level of allocation for t
Slide 16: ISS Second Party Opinion
ISS Second Party Opinion ISS has issued a positive Second Party Opinion on SR-Bank Green Bond Framework SR-Bank 16 SR-Boligkreditt
Slide 17: EU Taxonomy Assessment – performed by ISS-ESG
EU Taxonomy Assessment – performed by ISS-ESG Portfolio Date: 31 March 2023 Eligible Green Asset Category Renewable Energy Clean Transportation Green Buildings Eligible Green Asset Sub-Category Solar, Wind & Hydropower Facilities Electric Cars, Buses & Vessels Green Commercial & Residential Building
Slide 18: Allocation Report
Allocation Report SR-Bank 18 SR-Boligkreditt
Slide 19: Impact Report – Q1 23
Impact Report – Q1 23 SR-Bank 19 SR-Boligkreditt
Slide 20: Renewable Energy - Allocation & Impact
Renewable Energy - Allocation & Impact Eligible Portfolio – Renewable Energy Portfolio of Hydro Assets Portfolio of Wind Energy Assets Portfolio of Solar Energy Assets Estimated Expected Estimated Expected Estimated Expected Capacity Capacity Capacity Category production production Category producti
Slide 21: Green Buildings - Allocation & Impact
Green Buildings - Allocation & Impact Eligible Portfolio - Residential Buildings Eligible Portfolio – Commercial Buildings Green Residential Buildings Portfolio [m2] Green Commercial Buildings portfolio [m2] 24% 30% 45% 27,990 tons CO2 / year saved 7% 76% (vs. Norwegian average) 18% Apartments Small
Slide 22: Clean Transportation - Allocation & Impact
Clean Transportation - Allocation & Impact Eligible Portfolio – Clean Transport Portfolio of EV vehicles Total emissions Number of Portfolio Value Category Sum km / year avoided vehicles (NOK m) (vs. average vehicle with Vehicles 5,585 1,543 47.3 mill. tailpipe emissions) Impact assessment: Avoided
Slide 23: Disclaimer
Disclaimer THIS DOCUMENT IS INTENDED TO PROVIDE NON-EXHAUSTIVE, GENERAL INFORMATION. THIS DOCUMENT MAY CONTAIN OR INCORPORATE BY REFERENCE PUBLIC INFORMATION NOT SEPARATELY REVIEWED, APPROVED OR ENDORSED BY SR-BANK AND ACCORDINGLY, NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED, IS M
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