Hans Einar Herzog, Deputy Managing Director, SG Finans AS

Nordic Zero Emission Bus Conference, August 28-29, 2019

FINANCING THE GREEN TRANSITION OF THE PUBLIC BUS TRANSPORT

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OUR ROLE IN THE GREEN TRANSITION

We finance projects right at the

heart of the Scandinavian

economy and are well

positioned to advice and support

our 50,000 clients in their

transition to a greener future

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OUR ROLE IN THE GREEN TRANSITION

Finance sector green initiatives

Public / Private green initiatives

Public sector support schemes

Environmental certification

SGEF vision 2050

SGEF Netexplo Smart Cities

Accelerator

Partnership with

International Financial

Institutions for Social

and Green Financing

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2018 20202014 2016

MEUR 8O

SME/Midcaps

Sweden and Denmark

+ 1 600 objects financed

+ 1 250 unique customers reached

MEUR 25O

SME/Midcaps

Sweden, Denmark and Norway

MEUR 25O

SME/Midcaps

Sweden and Denmark

MEUR 180

Climate Action

Norway

+8 000 equipment financed

+5 000 unique customers reached

10% climate action allocated to sustainable transport projects

Minimum 10% Climate Action in Sweden and Denmark

Minimum 70% Climate Action in Norway

Long term partnership with the European Investment Bank (EIB) is at the core of our energy transition strategy in Scandinavia

EIB FINANCING

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Partnership with EIB to mobilize financing towards climate initiatives with the greatest potential to curb or avoid the negativeconsequences of climate change

IMPACT MEASURE IN REDUCTION OF GHG EMISSIONS

• Broad range of assets financed at the heart of

the Scandinavian economy

• Commitment to the green transition of the region

TRANSPORT (Public and private sector)

• Electric and bio-fuel powered buses for public transport, electric bicycles leasing programs for smart cities mobility initiatives, specialized equipment for the construction and maintenance of the national rail infrastructure in Norway

FORESTRY (SME sector)

• Mobile machinery (best available technology) used in certified sustainable forest management activities

AGRICULTURE (SME sector)

• Mobile machinery upgrades to best available technology

• Small-scale biogas production

CONSTRUCTION (SME sector)

• Electric heavy-duty excavators used in zero emission construction sites

GREEN

IT

RENEWABLE

ENERGY

• Attractive funding

• Climate action expertise

EIB FINANCING

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Our experience with the public bus transport sector

FINANCING THE ENERGY TRANSITION

• Good access to financing both for electric and biofuel powered buses

• Leasing as the preferred financing alternative for operators

• Still costly and risky for operators to invest in the newest technologies

Further action required to accelerate the transition:

• Green public procurement

• Support schemes

• Partnership with International Financial Institutions to provide subsidized

financing

STATUS

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Other sectors facing similar challenges and opportunities

FINANCING THE ENERGY TRANSITION

Electric and biofuel-powered bus fleets for public transport

Electric bike benefit programs for public sector employees

Hybrid service boat for aquiculture operations

Equipment for construction and maintenance of railway infrastructure

Electric construction equipment (both light and heavy duty)

Electric light vehicles for businesses and public sector

Small scale biogas plant upgrade for SME sector

GREEN PROJECTS

#ForTheClimate