Sparebank 1 Ostlandet · OSL:SPOL
Sparebank 1 Ostlandet — SpareBank 1 Østlandet — Debt Investor Presentation (April 2024)
25 slides from Sparebank 1 Ostlandet's debt investor presentation, April 2024
Slide 1: Green Bond Investor Presentation
Green Bond Investor Presentation April 2024
Slide 2: Agenda
Agenda • ESG and Sustainability Strategy of SpareBank 1 Østlandet • Sustainability Overview • Strategy Plan 2022-25 • The Path to Net Zero • ESG Assessment in the credit process • Sustainable Products • Sustainability Ratings • Green Bond Framework • Highlights • Use of Proceeds • Allocation Report
Slide 3: ESG and Sustainability Strategy
ESG and Sustainability Strategy 3
Slide 4: 2050 target
2050 target We have helped create a sustainable zero emission society within the Planetary Boundaries.. 4
Slide 5: Creating together Proficient Nearby
Business idea We exist so that people and businesses can succeed Together we create sustainable growth and development in Eastern Norway Vision Creating together Targets 2025 We create tomorrow’s We know our customers We are a significant We have one of the most relationship bank in an and we create
Slide 6: Double materiality analysis
Double materiality analysis Climate change (ESRS E1) • SpareBank 1 Østlandet has a target of net zero greenhouse gas emission in our operations and loan portfolio by 2050. • We are working with our private and corporate clients to reduce their emissions and make them more climate resilient and adapt
Slide 7: Stakeholders and Impact analysis
Stakeholders and Impact analysis 7
Slide 8: The Path to Net Zero
The Path to Net Zero Energy and Climate in our business operations* Specific ESG and climate targets Retail Division – Net Zero lending portfolio by 2050 – KPI established – green ratio in residential buildings 20 % by 2025. – Status 1Q 2024: 20.7 % Corporate Division – Net Zero lending portfolio by
Slide 9: The Path to Net Zero
The Path to Net Zero Green KPIs – building the green eligible portfolio Total Green Eligible assets Green Residential Buildings Green Commercial Buildings 20,7% 42,3% 20,6% 41,9% 20,4% 40,0% 20,0% 39,4% 19,8% 19,8% 19,6% 19,6% 36,5% 19,1% 19,1% 19,0% 18,7% 33,7% 18,5% 18,3 % 18,3 % 18,1% 18,0% 18,0
Slide 10: Sustainable Products and ESG Advisory Service
Sustainable Products and ESG Advisory Service Green mortgage Green agricultural loan Do you own, or are considering buying a home Installing a solar panel on your farm? with EPC level A or B? You get lower interest rates Our green agricultural loan will match your with a green mortgage. needs. Green
Slide 11: ESG due diligence assessment at loan origination
ESG due diligence assessment at loan origination Example 11
Slide 12: Climate Risk Management
Climate Risk Management We are working to incorporate climate risk in our core processes, credit assessment and risk management. All relevant parts of the bank include climate and ESG in their risk assessments. With the new disclosure requirements in the CSRD there will be further developments in ou
Slide 13: Good feedback on our work on CSR
Good feedback on our work on CSR 13
Slide 14: External sustainability initiatives
External sustainability initiatives The bank needs to cooperate and collaborate to achieve goals 14
Slide 15: Green Bond Framework
Green Bond Framework SpareBank @STLANDET
Slide 16: Green Bond Framework - Highlights
Green Bond Framework - Highlights • Follows best market practice and in line with the • Pre-issuance impact reporting calculated by ICMA Green Bond Principles (GBP) specialist consultant Multiconsult • Prepared by the Green Bond Committee, • ISS-Corporate second party opinion: including representati
Slide 17: Use of Proceeds
Use of Proceeds Eligibility Criteria in line with ICMA Standards and best market practices ICMA GBP1 Eligible Category Description of the Eligible Loans UN SDGs EU Objectives • Residential buildings in Norway ✓ Before 1st January 2021: Buildings with an EPC A label or within the top 15 % low-carbon
Slide 18: Management of Proceeds
Management of Proceeds • Allocate amount equal to net proceeds from the issue of Green Bonds to Eligible Green Loan Portfolio • SpareBank 1 Østlandet will strive, over time, to achieve a Green Residential and Commercial buildings level of allocation for the Eligible Green Loan Portfolio which matche
Slide 19: Allocation Report 1Q 2024
Allocation Report 1Q 2024 Portfolio date 31 March 2024 Eligible Green Loan Portfolio Green Financing Portfolio Growth Amount (NOK Amount (NOK million) 1Q 2024 Instrument (ISIN) Rank Currency Issue Date Due Date million) a Residential buildings (Top 15 % and EPC A for buildings buildt after 1.1.2021)
Slide 20: Impact Report
Impact Report 4Q 2023 Portfolio date: 31 December 2023 Direct emissions Indirect emissions Eligible portfolio Estimated Estimated annual Estimated avoided vs avoided vs Share of Total Eligibility for renewable energy Total CO2 Storage avoided / reduced Eligible Project Category Eligible Project Subc
Slide 21: EU Taxonomy Assessment: TSC, DNSH & MS
EU Taxonomy Assessment: TSC, DNSH & MS Portfolio date 31 Mach 2024 Eligible Green Asset Environmentally Sustainable Management of Green Buildings Clean Transportation Renewable Energy Category Living Natural Resources and Land Use Eligible Green Asset Green Residential & Electric Cars, Buses & Solar
Slide 22: External Review
External Review • SpareBank 1 Østlandet has obtained an independent Second Party Opinion (SPO) from ISS-Corporate, confirming the validity of the Green Bond Framework & alignment with the ICMA Green Bond Principles & Green Loan Principles • ISS-Corporate finds the sustainability quality of the Eligi
Slide 23: Contact details
Contact details Bjørn-Erik R. Orskaug Investor Relations +47 922 39 185 bjorn-erik.orskaug@sb1ostlandet.no Cathrine Mordal Head of Treasury +47 480 02 537 cathrine.mordal@sb1ostlandet.no Randi Nordstad Portfolio Manager Treasury +47 453 92 808 randi.nordstad@sb1ostlandet.no Investor Relations invest
Slide 24: Appendix
Appendix SpareBank a4 OSTLANDET
Slide 25: PAI Indicators YE 2023
PAI Indicators YE 2023 Principal Adverse impact (PAI) is a reporting standard for investors under the Sustainable Finance Disclosure Regulation (SFDR). The purpose of the reporting is to collect data about the companies’ main adverse impacts. The information below is meant for investors who want inf
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