The Bank has prepared a green framework and CICERO (Center for Climate Research) has carried out an independent second-party assessment of the framework. The bank's green bond is given the best rating - Dark Green. This means that investments that the bank finances with the green bond are in line with an emission path that leads us to the low-emission society.
The green bond will finance vehicles powered 100 percent by electricity or hydrogen, as well as local hydropower plants in the bank's loan portfolio.
By issuing a green bond, Sunndal Sparebank is taking an important step towards a sustainable future. As a financial institution, we want to take a clear and active role in assessing how climate policy and climate change will affect the business models and cash flows of our corporate customers.