Green Loans from Qred Bank
For a greener world - one loan at a time
We all have a responsibility to contribute to the green shift. In 2021, more than 400 Norwegian companies and research institutes applied for funding for their green projects through the Green Platform competition, an initiative that is a collaboration between
The Research Council, Innovation Norway, Siva and Enova. Innovation Norway has previously reported that almost half of supported projects in 2020 went to projects with a defined positive environmental impact.
For us at Qred, it is important to create more sustainable and environmentally friendly solutions, which is why we have now launched Green Loans. We want to help your company make good choices for the environment.
Green Loan benefits
There are many benefits to taking out a Green Loan, but first and foremost, it contributes to the green transition in Norway and contributes to the path towards achieving the UN's sustainability goals.
In addition, investing green builds your brand and is attractive to customers and employees.
Another advantage is that you get better terms than with a regular business loan.
What can Green Loans be used for?
At Qred, we offer Green Loans so businesses can make environmentally friendly investments.
The focus of Green Loans is to empower businesses to create better solutions that are good for the environment and the climate.
With rising energy prices, sustainable initiatives are becoming even more relevant. By thinking about sustainability in terms of a self-sufficient energy source, the company becomes less vulnerable to external factors.
NRK writes that in 2022 there was a doubling of energy that came from solar panels in Norway. Bloomberg also writes that in 2022 as much was invested in green energy as in fossil fuels, and this is the first time this has happened.
How do you qualify for a Green Loan?
Green Loans is a product from Qred.
In order for Qred to be able to offer a Green loan, the company must be able to demonstrate specific measures toward a greener investment. It can e.g. be an invoice for the payment of an electric car, an offer for solar cells, or an order confirmation.
The loan that Qred offers must comply with the already existing processes, where we e.g. looks at the company's turnover and assesses whether the company is able to repay the loan.