Sparebank 1 Sor-norge Asa · OSL:SB1NO
Sparebank 1 Sor-norge Asa — SpareBank 1 Sør-Norge — Debt Investor Presentation (2025)
29 slides from Sparebank 1 Sor-norge Asa's debt investor presentation, 2025
Slide 1: Sustainability Strategy & Green Bond Investor Presentation 2025
Sustainability Strategy & Green Bond Investor Presentation 2025 SB1NO/SRBANK SR-Boligkreditt
Slide 2: Sustainability Strategy
Sustainability Strategy SB1NO/SRBANK SR-Boligkreditt
Slide 3: Our ambition: part of the solution in the transition
SpareBank 1 Sør-Norge plays a pivotal societal role in an ever-changing world. Our ambition: We strive to be part of the solution and a pro-active ally in the transition towards a more sustainable society.
Slide 4: Sustainability within Sør-Norge
Sustainability within Sør-Norge Sustainability incorporated into the group’s strategy Sustainability strategy General guidelines for sustainability Guidelines for sustainability Guidelines for Guidelines for Other in the Code of products and suppliers and strategies corporate conduct funds partners
Slide 5: Sustainability Goals for Sør-Norge
Sustainability Goals for Sør-Norge A pro-active ally to our clients in the transition to a more sustainable society Equality Combat Emission Transition and financial reduction diversity crime • Net zero emissions by • 25% of lending is • Gender balance • Have zero tolerance for 2050 from own sustain
Slide 6: The transition plan as part of the sustainability strategy
The transition plan as part of the sustainability strategy Our ambition is to be the customer's As of today, no one knows how we will reach a zero-emission ally in the transition to a more society. This is not a predetermined path. The transition plan is sustainable society and our goal is to based
Slide 7: Emissions accounting for our lending portfolio
Emissions accounting for our lending portfolio We have industry-specific transition goals for these industry sectors: • Commercial real estate • Shipping (Poseidon Principles) • Oil and gas (E&P) • Residential housing • Agriculture These represent approx. 80% of total lending portfolio, and 40% of c
Slide 8: Overview of our interim targets for 2030
Overview of our interim targets for 2030 Own Oil and Residental Commercial operations Shipping gas housing real estate Agriculture Industry Target 2030 Target scenario Shipping 55-65% from 2008-level* Poseidon Principles Norway’s national climate Own operations (scope 3)** 55% from 2023-level target
Slide 9: 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. • As of the fourth quarter of 2024, 70% of the corporate market
Slide 10: Translating climate risk into financial risk – FY24
Translating climate risk into financial risk – FY24 • Sør-Norge has reported on climate risk in line with the recommendations issued by the TCFD since 2018 and Physical climate risk assessment – example: more recently in line with the climate risk disclosure Distributions of loans for residential pr
Slide 11: Green product offerings & initiatives
Green product offerings & initiatives Retail offering Wholesale offering Green Mortgage Product & Renovation Product Sustainable Deposit • A Green mortgage is secured by energy efficient housing with favourable loan interest • Sustainable investing ensures that your company's investments exclusively
Slide 12: ESG ratings
ESG ratings • "Prime status" and rating C+ by ISS-ESG (September 2025) • Sustainalytics: ESG Risk Rating: "Low risk"; ESG Risk Score: 13.4 • MSCI ESG Rating: "Level AAA" (April 2025) *Some of the above ratings relate to SpareBank 1 SR-Bank, as they have not yet been adjusted to cover SpareBank 1 Sør
Slide 13: Green Bond Framework
Green Bond Framework In line with it’s Sustainability Strategy and commitment to sustainable development, SB1 Sør-Norge has established a Green Bond Framework under which it can issue Green Bonds and Deposits, to finance or refinance loans promoting positive environmental impact. SB1 Sør-Norge belie
Slide 14: Green Bond Framework Highlights
Green Bond Framework Highlights Use of Management Project Evaluation External Proceeds of Proceeds and Selection Reporting Review Green buildings, The Green Bonds Green Bond committee Sør-Norge intends to ISS has issued a renewable energy, proceeds will be established. Evaluation Second Party Opinio
Slide 15: Use of Proceeds overview
Use of Proceeds overview SR-Boligkreditt SpareBank 1 Sør-Norge 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
Slide 16: Management of Proceeds
Management of Proceeds • The Green Bond & Deposit Proceeds will be managed in a portfolio approach. • Sør-Norge intends to allocate the proceeds from the Green Bonds & Deposits to a portfolio of loans that meet the use of proceeds eligibility criteria. • Sør-Norge will strive, over time, to achieve
Slide 17: ISS Second Party Opinion
ISS Second Party Opinion ISS has issued a positive Second Party Opinion on the Sør-Norge Green Bond Framework SB1NO/SRBANK 17 SR-Boligkreditt
Slide 18: EU Taxonomy Assessment – performed by ISS-ESG
EU Taxonomy Assessment – performed by ISS-ESG Portfolio Date: 31 March 2025 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 19: Allocation Report – Q1 2025
Allocation Report – Q1 2025 1 EURNOK = 11.4239 as of 31/03/2025 2 Green covered bonds are allocated solely to green residential buildings situated within the boligkreditt entity and green unsecured funding instruments are allocated to all Use of Proceeds categories (minus any green residential build
Slide 20: Impact Report – Q1 2025
Impact Report – Q1 2025 Green Covered Bonds (SR-Boligkreditt) Green Unsecured Bonds / Deposits (Sør-Norge) p/EURm impact tons of CO2/year 1.21 13.26 1 Green covered bonds are allocated solely to green residential buildings situated within the boligkreditt entity and green unsecured funding instrumen
Slide 21: Renewable Energy - Impact
Renewable Energy - Impact Eligible Portfolio – Renewable Energy Portfolio of Eligible Assets Split between types of facility 15% Estimated Expected Category No. of plants Capacity [MW] production production [GWh / yr] [GWh / yr] Hydropower plants 186 1,854 1,343 1,175 Wind power plants 33 1,455 1,52
Slide 22: Green Buildings - Impact
Green Buildings - Impact Eligible Portfolio - Residential Buildings Eligible Portfolio – Commercial Buildings Green Residential Buildings Portfolio [m2] Green Commercial Buildings portfolio [m2] 16% 22% 40% 21% 6,401 tons CO2 / year saved 11% 13% 78% (vs. Norwegian average) Apartment buildings Comme
Slide 23: Clean Transportation - Impact
Clean Transportation - Impact Eligible Portfolio – Clean Transport Portfolio of EV vehicles Total emissions Number of Portfolio Value Category Sum km / year avoided vehicles (NOK m) Passenger & (vs. average vehicle with Light-duty Vehicles 5,315 1,396 48.2 mill. tailpipe emissions) Impact assessment
Slide 24: Appendix
Appendix
Slide 25: SB1 Sør-Norge’s commitment to human rights
SB1 Sør-Norge’s commitment to human rights Respecting human rights and decent working conditions is central to SB1 Sør-Norge's work on sustainability Employer: Equality, inclusion, HSE, anti-discrimination, work-life balance Corporate lender: ESG assessments for credit commitments, frameworks that a
Slide 26: Requirements for our suppliers
Requirements for our suppliers Environment Social conditions Ethical business practice • Minimise emissions and promote sustainable • Based on ILO Conventions and UN standards: • Suppliers must respect human rights and decent use of energy and water working conditions 1. Forced labour • Avoid substa
Slide 27: Poseidon Principles: shipping portfolio emissions disclosure
SB1 Sør-Norge disclosed emissions data for 100% of its eligible shipping finance portfolio in 2024 2023 IMO GHG Strategy – 2024 update The Poseidon Principles are a framework for assessing and disclosing the climate alignment of ship finance portfolios. They establish common global baselines to quan
Slide 28: Initiatives and frameworks we are affiliated with
Initiatives and frameworks we are affiliated with Responsible Ship Recycling Standards (RSRS) Guide Against Greenwashing New initiatives and frameworks in the last 2 years SB1NO/SRBANK 28 SR-Boligkreditt
Slide 29: 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 SB1 SØR-NORGE AND ACCORDINGLY, NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED
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