Norsk Hydro ASA

Unverified
XFID Unique Identifier for Norsk Hydro ASA: XOULB7CL4R
Country
XX
Sector
Utilities
Website
www.sustainablefitch.com
3 Second Party Opinions
XFID Type Title Year Source Retrieved
XF-Y8X5XDT-Q Second Party Opinion Norsk Hydro ASA - Pre-Issuance Review - European Green Bond Assessment 2025 www.sustainablefitch.com 30 Mar 2026
XF-HKOIDT9-C Second Party Opinion Norsk Hydro ASA - Second-Party Opinion 2025 www.sustainablefitch.com 30 Mar 2026
XF-WIVEURS-9 Second Party Opinion Norsk Hydro (Methodology of Shades of Green, formerly part of CICERO) 2022 www.spglobal.com 25 Feb 2026

Press Coverage (2)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 3 documents in the XframeworkID registry

NACE D Electricity, Gas & Steam Supply

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer sector/industry classification (Issuer Identity & Structure)
Electricity, Gas & Steam Supply; Integrated aluminium producer Second Opinion 2022
Issuer name and country/jurisdiction (Issuer Identity & Structure)
Norsk Hydro ASA, Norway Second Opinion 2022
Issuer type (e.g., bank, asset manager, pension fund, REIT, utility) (Issuer Identity & Structure)
Integrated aluminium producer and energy producer Second Opinion 2022

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date (External Review & Verification)
Sustainable Fitch, 18 July 2022 Second Opinion 2022
Assurance provider name and engagement period (External Review & Verification)
Sustainable Fitch Pre-Issuance Review 2025

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles (Standards & Regulatory Alignment)
Aligned Second-Party Opinion 2025
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles (Standards & Regulatory Alignment)
Aligned with LMA, LSTA and APLMA Green Loan Principles (GLP) Second-Party Opinion 2025
Alignment with EU Taxonomy for sustainable activities (Standards & Regulatory Alignment)
Compliant with EU Taxonomy substantial contribution criteria (SCC) for climate change mitigation; commitment to align with do no significant harm criteria on best-effort basis Second-Party Opinion 2025

Green / Sustainable Finance Framework

Bond types covered under framework (green, social, sustainability, sustainability-linked) (Green / Sustainable Finance Framework)
Green bonds, Sustainability-linked bonds Second Opinion 2022
Project evaluation and selection process description (Green / Sustainable Finance Framework)
Double-layered process with robust expertise teams; projects proposed by business units and approved by green finance committee (GFC) Second-Party Opinion 2025
Management of proceeds approach (Green / Sustainable Finance Framework)
Internal tracking of proceeds; unallocated proceeds managed in line with internal treasury policies; commitment to report on allocation until full disbursal Second-Party Opinion 2025
Refinanced vs. newly financed project distinction (Green / Sustainable Finance Framework)
Limited by absence of pre-identified proportion of new projects; lookback period defined in line with ICMA recommended practice Second-Party Opinion 2025

Corporate Strategy & Mission

Corporate mission and sustainability strategy (Corporate Strategy & Mission)
Working to grow renewable energy business and expand into battery production and energy storage Second Opinion 2022

Issuance Details

Bond instrument type (e.g., green bond, social bond, sustainability bond) (Issuance Details)
European green bond Pre-Issuance Review 2025
Bond issuance date (Issuance Details)
10 June 2025 Pre-Issuance Review 2025

Changes Over Time

Items where disclosed information changed across documents.

Second Party Opinion (SPO) provider name and assessment date
2022 Assessment date: 18 July 2022
2025 Sustainable Fitch, 2025
SPO assessment scope and methodology
2022 Assessment covers sustainability governance, green financing process, use of proceeds, and sustainability-linked financing framework
2025 Assessment based on compliance with EU taxonomy's science-based substantial contribution criteria (SCC) for climate change mitigation and minimum safeguards