KBN awarded “Impact report of the Year”
06 April 2023The award is a recognition of KBN’s work over a number of years to continuously improve our impact reporting.
– We are proud and honored to receive the Environmental Finance’s Bond Award for the second time, says Miriam Bugge Anderssen, climate and green finance adviser at KBN.
– In an environment where expectations to sustainability reporting are rapidly changing and becoming more advanced, presenting this type of data in a meaningful way is increasingly challenging. KBN aims to continuously improve our impact reporting, and this award is a very welcome recognition of our efforts, she adds.
In good company
Previous winners of the award are large institutions like The European Investment Bank (EIB) and the International Finance Corporation (IFC). KBN first won the award in 2020.
– As a relatively small institution we are also humbled to be in good company with previous years’ winners, while hoping to serve as an example that high quality reporting can be achieved by organisations of all sizes, says Bugge Anderssen.
Climate-friendly investments
KBN’s green loans go to finance green projects in the Norwegian municipal sector and are financed through proceeds from the bank’s green bond issuances in global capital markets. Our Impact report present the environmental impact of KBN’s green loan program and aim to give investors confidence that the green bonds go to finance projects with an environmental impact.
Download the award winning report
A year of green records
KBN’s Impact Report for 2021 revealed all time high levels in KBN’s green lending as well as green bond issuance.
This trend continued into 2022, which was yet a record-breaking year for KBN’s green loans. By end of 2022, 134 municipalities, five regions and 70 other customers had been approved for green loans to a total of 408 projects in seven different project categories. Read more in the Impact Report for 2022.