- Credit spreads in the market for Norwegian covered bonds rose significantly after the turmoil that followed bank collapses in the US and Switzerland towards the end of the first quarter, and have never recovered.
- High inflation and rapidly rising interest rates have reduced market values in the commercial property market.
- The weak krone, along with price growth that is still well above the target, contributed to higher interest rates.
Sparebanken Øst Boligkreditt AS
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 32.2 tCO2e/year (2022) |
| 2021 | 27.3 tCO2e/year (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Issued a green covered bond (OMF) in the value of NOK 2.0 billion, extended by NOK 500 million in August, totaling NOK 2.5 billion as of 31.12.2023. As of 31.12.2023, the company had NOK 3.3 billion in loans qualifying as green according to the framework. The parent bank held a further NOK 1.2 billion that could be transferred if needed.
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate actionSustainable financeHuman rightsDiversity & InclusionPreventing economic crime and corruption