Green guarantees

What is a green guarantee?

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

A green guarantee is linked to a specific investment or project within renewable energy, with documented positive environmental impact.

We collaborate with DNV, which conducts 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
• Performance guarantee
• Advance payment guarantee
• Maintenance bond

These activities and associated criteria within renewable energy are listed in our framework. Read more about this below.

DNB's Sustainable Product Framework (PDF, Norwegian)Open the file in a new tab