Kommunalbanken AS 2022 Sustainability Report
Company: Kommunalbanken AS
Sector: Finance & insurance
Country: Norway
Year: 2022
Type: Sustainability Report
Pages: 58
The report presents KBN's 2022 green-finance programme, with 34.9 bn. NOK in green bonds and 41.4 bn. NOK in green loans. It reports annual portfolio impacts of 10 307 tonnes of CO2e reduced and avoided, 92 GWh of renewable energy produced, 42 GWh of energy reduced or avoided, and 145 808 tonnes of increased waste-management capacity. The report also provides a self-assessment against the EU Taxonomy, finding 71% of the portfolio aligned or likely aligned with Substantial Contribution criteria, while noting no full alignment with both Substantial Contribution and DNSH criteria. Detailed project-level data and a KPMG internal audit review of green-bond framework compliance and allocation are included.
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