DNB Bank (DNB) Investor 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 a second party opinion from Sustainalytics and impact reports from Multiconsult and Carbon Trust.

• Eligible green asset portfolio managed through a portfolio approach, with annual allocation and impact reporting.

• As of 31 December 2024, NOK ~203bn in eligible green loans, with ~89% allocated.

Use of proceeds and eligible assets

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

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

• Clean transportation: NOK ~57bn, supporting zero carbon vehicles and infrastructure, meeting EU Taxonomy criteria.

Impact and reporting

• Annual avoided CO2 emissions from the eligible portfolio total 1,451,102 tons, with green buildings, renewable energy, and clean transportation contributing significantly.

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

• Impact and allocation reports are provided annually, with external assurance and second party opinions.