Impact ReportKBN wants to take increased action when it comes to environmental sustainability.
In 2010 KBN decided to offer an interest rate product aimed at local climate-friendly investments. KBN's green floating rate is lower than the ordinary interest rate and are offered to projects rooted in the municipal climate action plan. These are investments in the areas of energy efficiency, renewable energy, waste management, recycling, pedestrian and bicycle paths, water quality, public transportation and facilities for outdoor recreation.
As at the end of December 2016, the green lending portfolio stood at approximately USD 1.13 billion (NOK 9.71bn) across 68 municipal loans. The projects range from very small and local in impact to some of the larger ongoing Norwegian infrastructure projects.
Projects funded by KBN green loans represent steps – small or great – towards the low-emission, resource-efficient society Norway has committed to become within the next decades. Our objective is that our green loans funded projects of today are compatible with the low-carbon society envisioned for 2050.
A list of projects funded in 2017 will be published shortly.