Green Bond Framework

The 2025 version of Sparebanken Møre's green bond framework represents a significant structural and scope expansion compared to the 2020 version. The framework has been reorganized to establish sustainability as an integral organizational strategy with dedicated governance sections, expanded table of contents, and explicit integration of sustainability into credit processes. The 2025 version introduces substantially more comprehensive coverage of sustainability topics, governance frameworks, and reporting structures, suggesting a maturation of the bank's green finance commitment and formalized alignment with sustainability standards and certifications.

• expanded Standards Alignment — 2025 version adds new sections on 'Certifications and signatories' and explicit coverage of UN Sustainable Development Goals framework, indicating enhanced alignment with international sustainability standards and formal commitments.
• expanded Governance — 2025 version introduces dedicated 'Sustainability Governance and Reporting' section that was absent in 2020, establishing formal governance structures for sustainability oversight.
• expanded Eligibility Criteria — 2025 version adds new section 'Sustainability in the credit process' showing integration of sustainability criteria into lending decisions, moving beyond standalone green bond framework to embedded sustainability practices.
• expanded Sustainability Strategy — 2025 version adds comprehensive sections on 'Sustainability as integral part of our strategy and action plan' and 'Sustainability strategy', elevating sustainability from corporate values alignment to core strategic imperative.
• expanded Reporting and Transparency — 2025 version restructures reporting section with more detailed table of contents integration, suggesting enhanced transparency and formalized reporting commitments compared to 2020's brief mention.
• expanded Use of Proceeds — 2025 version adds 'Criteria for the Green Loan Portfolio' subsection providing more detailed categorization and definition of eligible green assets, expanding on 2020's general framework.