Sparebank 1 Sor-norge Asa · OSL:SB1NO
Sparebank 1 Sor-norge Asa — SpareBank 1 SR-Bank — Debt Investor Presentation (2022)
27 slides from Sparebank 1 Sor-norge Asa's debt investor presentation, 2022
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 Sustainability incorporated into the group’s strategy Sustainability strategy General guidelines for sustainability Guidelines for Guidelines for sustainability in responsible Guidelines for Guidelines for Other strategies the corporate investments and Code of conduct p
Slide 3: UN Principles for Responsible Banking: SR is a Founding Signatory
UN Principles for Responsible Banking: SR is a Founding Signatory What are the Principles? To transform the banking industry to 1. Alignement enable it to play a leading role in We will align our business strategy to be consistent with and contribute to individuals’ needs and society’s goals, as exp
Slide 4: SR-Bank's sustainability strategy is embedded through our guidelines
SR-Bank’s sustainability strategy is embedded through our guidelines Guidelines Environment Society Corporate Governance SR-Bank has strict routines for combating money laundering and SR-Bank aims to increase the proportion of companies that SR-Bank aims to make a positive contribution to social hid
Slide 5: 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 developed climate strategies for both the group & the asset management entity SR-Bank will help our customers take a conscious
Slide 6: Our core sustainability ambition & targets
Our core sustainability ambition & targets The group’s overarching sustainability ambition is to be the customer’s ally in the transition SR-Bank 6 SR-Boligkreditt
Slide 7: Our sustainability strategy & respective targets address core SDGs
Our sustainability strategy & respective targets address 4 core SDG’s Equality Economy & Society SR-Bank recognizes diversity and equal opportunities are a prerequisite for running a The group aims to stimulate growth and development. This includes both economic growth sustainable business, and ther
Slide 8: Our sustainability strategy & respective targets address core SDGs
Our sustainability strategy & respective targets address 4 core SDG’s Environment Governance As a result of both increasing climate risk and potential new business opportunities, the SpareBank 1 SR-Bank will combat financial crime and ensure security and transparency SpareBank 1 SR-Bank Group will b
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 50 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 10: Translating climate risk into financial risk – FY21
Translating climate risk into financial risk – FY21 Emissions Analysis Corporate Market Portfolio Analysis The group reports greenhouse gas emissions in line with the GHG Protocol. The corporate portfolio’s climate risk (physical, transitional and liability risk) was also mapped at a sector level in
Slide 11: SR-Bank is most climate aligned bank for our shipping portfolio
SR-Bank is most climate aligned bank1 for our shipping portfolio (29 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 goals to b
Slide 12: Green product offerings & initiatives
Green product offerings & initiatives Green Mortgage Product & Renovation Product Launch of “My carbon footprint” • The Green mortgage product was launched in 2021. A Green mortgage is secured by energy • The bank recently launched a mobile CO2 monitoring feature, which efficient housing with favora
Slide 13: ESG ratings
ESG ratings CDP B Sustainalytics 16.1 (low risk) ISS C- (2nd decile) MSCI AA In ISS’s latest ESG assessment of SR-Bank they awarded a score of C- In July 2021, Sustainalytics rated SR-Bank's Overall ESG Score at 16.1 In December 2021, MSCI rated SR-Bank's Overall ESG Score at AA an improvement from
Slide 14: Leading by example: our new Headquarters
Leading by example: our new Headquarters • Finansparken in Bjergsted is the new head office for SRBank in Stavanger with employees being moved in during January 2020. It is currently one of Europe's largest commercial buildings made of wood. • Finansparken achieved accordance with BREEAM NOR receivi
Slide 15: 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 15 SR-Boligkred
Slide 16: Green Bond Framework
Green Bond Framework SR-Bank SR-Boligkreditt
Slide 17: 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 Sustainalytics has issued a The Green Bonds proceeds Green buildings, renewable established. Evaluation and readi
Slide 18: 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 aiming at financing the • Loans aiming at financing or • Loans to finance or refinance new or • Loans to finance or refinance new or e
Slide 19: 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 20: Sustainalytics' second party opinion
Sustainalytics’ second party opinion Sustainalytics has issued a Second Party Opinion on SR-Bank Green Bond Framework Use of Proceeds: The eligible categories – residential green buildings, commercial green buildings, renewable energy, and clean transportation – are aligned with those recognized by
Slide 21: EU Taxonomy: TSC, DNSH & MS – high level assessment
EU Taxonomy: TSC, DNSH & MS – high level assessment Green Buildings Eligible green asset category Wind Power Hydro Power Clean Transportation (Residential & Commercial) Geography Norway Acquisition & ownership of buildings: Electricity generation from wind Electricity generation from hydro Transport
Slide 22: Allocation Report – Q1 2022
Allocation Report – Q1 2022 Eligible Green Loan Portfolio Green Funding Amount Instrument Issuance Maturity Amount ISIN (NOK m) (Type/ Crncy) Date (Call) Date (NOK m) Green Residential Buidlings 34,249 € Covered XS2063288190 Oct-19 Oct-26 4,939 Jul-27 SR Bank 12,176 € Senior Non-Preferred XS23639823
Slide 23: Impact Report – Q1 2022
Impact Report – Q1 2022 Direct Indirect Share of Share of Total Estimated emissions emissions Expected Total Total annual Eligible Eligibility reduced avoided vs avoided vs power Eligible Project Green Green reduced portfolio for Green energy baseline in baseline in production Category Covered Senio
Slide 24: 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] 21% 18% 45% 29,700 tons CO2 / year saved 35% 79% (vs. Norwegian average) 2% Apartments Small
Slide 25: 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 Passenger vehicles 718 6.31 mill. 6.31 mill. tailpipe emissions) Impact assessm
Slide 26: Renewable Energy - Allocation & Impact
Renewable Energy - Allocation & Impact Eligible Portfolio – Renewable Energy Portfolio of Hydro Assets Estimated Expected Category Capacity [MW] production production [GWh / yr] [GWh / yr] Run-of-river (HPP) 0.1 – 25 636 509 Medium (HPP) 90 305 305 Total 941 814 Impact assessment Reduced CO2- Produc
Slide 27: CBI Certification – Inaugural Green Covered Bond
CBI Certification – Inaugural Green Covered Bond SR-Boligkreditt’s Inaugural Green Covered Bond is certified in line with the Low Carbon Building Criteria of the Climate Bond Standards Sustainalytics assisted in verifying against the CBI’s criteria SR-Bank 27 SR-Boligkreditt
SpareBank 1 SR-Bank — Debt Investor Presentation (2022) on 6ix