Aurskog Sparebank expands green bond framework to include social dimension

Aurskog Sparebank announced an updated Green and Social Bond Framework, building on its 2022 green framework by integrating a social dimension. The green portion focuses on financing energy-efficient homes, commercial properties, renovation projects, renewable energy, and sustainable agriculture. The social aspect addresses challenges faced by young customers in acquiring housing in local communities due to limited equity.

S&P Global Ratings provided a Second-Party Opinion, confirming the framework's alignment with ICMA's Green Bond Principles (2025), Social Bond Principles (2023), and Sustainability Bond Guidelines (2021). The assessment notes that 95% of green proceeds are expected to go towards green buildings, with the remaining 5% for energy efficiency and sustainable agriculture.

The framework emphasizes supporting local growth and development by enabling access to affordable home mortgage loans for young retail customers with limited equity, aiming to reduce social disparities. Aurskog Sparebank's overall goal is to achieve net-zero emissions from its operations and credit portfolio by 2050, aligning with Norway's national targets. DNB Carnegie acted as advisor.