Analyses and commentary on the EU Taxonomy, EBA ESG, EPBD, and the verification of building documentation, for banks, insurers, and institutional investors.
The full articles are currently available in Norwegian only. The titles and excerpts below are translated; the links open the Norwegian text. English versions are coming.
Rule-based trust · EU Taxonomy · Bank and insurance · EBA · DiBK
Anders Magnus Løken at Deloitte raises a central point this spring: transparency is a structural element in credit risk assessment. In the spring of 2026, the Norwegian building and real-estate sector faces regulatory convergence from five directions at once. Europe is competing on rule-based trust, and the window for upgrades closes gradually through 2026 and 2027.
Bank and insurance · Regulation · Energy and market · Property risk
The banks have the data sources: Enova, NVE, Kartverket, EPBD, the Taxonomy. But data scarcity is only the first challenge. The same dataset can produce very different credit-risk estimates at portfolio level, depending on method. And on 1 January 2027 the EBA's new scenario requirements enter into force.
Energy label · EU Taxonomy · Regulation · Bank and insurance
Three countries, three energy-label methods, the same A to G scale. When the EU Taxonomy sets absolute requirements and national energy labels use different metrics, taxonomy reporting becomes a competence task, not just a reporting task.
EU Taxonomy · TEK17 · GHG accounting · Bank and insurance
In the spring of 2026, three regulatory tracks hit the Norwegian construction industry at once: the Taxonomy, TEK17 energy, and TEK17 climate. Individually they are manageable. Together they change the rules of what counts as a green building, and who has to document what.
EU Taxonomy · Climate risk · Bank and insurance
The Taxonomy's Appendix A is gaining a new 4-step model. For banks, it is the most under-communicated link to the EBA. For insurance, it is a source of data they lack today: climate exposure at building level, not at postcode level.
EU Taxonomy · DNSH · Bank and insurance
The EU lowers the DNSH threshold from energy label A to D, and at the same time introduces a ZEB ceiling. The door opens, but with an embedded expiry date. For Norwegian banks this means loans that qualify today can fall out.
EU Taxonomy · Renovation · Bank and insurance
The European Commission proposes a new route into the Taxonomy: a 60 per cent reduction in energy demand over ten years. For Norwegian housing cooperatives that have made stepwise improvements, this may mean that maintenance suddenly qualifies as «green renovation».
EU Taxonomy · Energy label · Bank and insurance · TEK17
Two consultations are running in parallel: the EU proposes to replace NZEB with ZEB, and DiBK proposes to change TEK17 from net energy demand to weighted delivered energy. What does that mean for Norwegian banks, and what should they do now?