Green guarantees

What is a green guarantee?

When entering into contracts, one or both parties often requires their counterparty to provide collateral in the form of a guarantee. This may apply to fulfilling contracts in a project or to securing payment to suppliers after the contract has been fulfilled.

A green guarantee is locked to a specific investment or project in renewable energy, with a documented positive impact on the environment.

We work together with DNV, which makes an external assessment and issues a green certificate for guarantees that qualify within:

• New renewable energy production
• Development of infrastructure that facilitates renewable energy or emission-free transport

The following commercial guarantees are covered:

• Payment guarantee
• Contractual guarantee
• Advance payment guarantee
• Maintenance bond

These activities and associated criteria in the field of renewable energy are listed in DNB’s sustainable product framework.