DNB Bank (DNB) ESG presentation summary

Green finance framework and structure

• Framework enables issuance of green covered, senior preferred/non-preferred, and tier 2 bonds, with proceeds allocated to green residential buildings, renewable energy, and clean transportation.

• Structured in line with ICMA Green Bond Principles and partially aligned with the EU Taxonomy, with external review by Sustainalytics.

• Impact reports provided by Multiconsult and Carbon Trust, with annual allocation and impact reporting.

• Management of proceeds follows a portfolio approach, with unallocated funds held in treasury liquidity.

Eligible green asset portfolio and use of proceeds

• Green residential buildings: ~NOK 115bn, focused on energy-efficient buildings in Norway, aligned with EU Taxonomy criteria.

• Renewable energy: ~NOK 31bn, includes solar, wind (onshore/offshore), and hydropower projects, plus transmission and storage systems.

• Clean transportation: ~NOK 57bn, supports zero-emission vehicles and infrastructure, meeting EU Taxonomy criteria.

• Total eligible green loan portfolio as of 31 Dec 2024: ~NOK 203bn, with ~84% allocated.

Impact and reporting

• Annual avoided CO2 emissions from the eligible portfolio: 1,451,102 tons per year.

• Green covered bonds yield 0.07 tCO2e avoided per NOKm invested; green unsecured bonds yield 10.09 tCO2e per NOKm.

• Allocation and impact reporting is conducted annually, with detailed breakdowns by asset class and bond type.