PRESS RELEASE: Bureau Veritas Supports DNB in the Evolution of Its Green Loan Framework

Bureau Veritas, a global leader in testing, inspection, certification and sustainability advisory services, has announced the successful completion of its collaboration with DNB Bank ASA in the latest update of its Green Loan Framework (v5.1), strengthening alignment with evolving regulatory expectations and market practice, while enhancing operational clarity across key sectors of the Norwegian and Nordic economy.

The engagement focused on a technical review and refinement of DNB’s existing framework, supporting the Bank as it navigated increasing complexity across the EU Taxonomy requirements, Green Loan Principles (GLP), and emerging transition and circular economy considerations. The updated framework reflects DNB’s ambition to ensure its green lending criteria remain credible, transparent, and practically applicable for both internal teams and clients.

The project marks the first formal engagement between the two organisations and reflects a shared commitment to strengthening market integrity, advancing taxonomy-aligned financing and supporting the transition to a low-carbon economy. The work included an in-depth gap assessment, sector-specific analysis, a taxonomy alignment review and a series of thematic workshops covering strategic sectors such as energy infrastructure, EU taxonomy, and circular economy.

DNB highlighted Bureau Veritas’ pragmatic and collaborative approach, emphasising constructive technical dialogue, responsiveness and strong sector expertise - particularly in circularity and the EU Taxonomy - demonstrated throughout the engagement. As reflected in DNB’s published Green Loan Framework (v5.1), the updated framework introduces greater clarity and consistency in financed activity definitions, strengthens alignment with EU Taxonomy technical screening criteria and improves usability for lending teams assessing both large corporate and SME transactions.