Entra

Environmental & Social Information • Jun 4, 2020

First Norwegian company with a Shades of Green Assessment from CICERO

First Norwegian company with a Shades of Green Assessment from CICERO

4.6.2020 13:05:51 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Entra is the first company in Norway to have its revenues, assets and governance

structure evaluated on a scale from dark green to dark brown according to the

new Shades of Green methodology.

Norway's foremost institute for interdisciplinary climate research CICERO Center

for Climate Research has in cooperation with its subsidiary company CICERO

Shades of Green ("CICERO") expanded the Shades of Green methodology for

evaluating green bonds to also include companies. The methodology is based on a

solid quantitative and qualitative analysis of a company's entire business,

where both revenues and investments are classified with a shade of green (or

brown) depending on how they align with a carbon-neutral future. CICERO has also

evaluated the company's sustainability strategy, governance structure and

climate risk adaptation.

Entra is deeply committed to contribute to the transition towards a low carbon

society. The enclosed report shows that more than half of Entra's revenues and

more than half of Entra's assets achieve green color shades as of today. All of

Entra's new-build projects are considered dark green, which means that new

investments are in line with a future low-emission society. According to the

CICERO report, Entra achieves the best score on climate-related governance

structure and on reporting routines and standards.

- Environmental leadership has been an integrated part of Entra's strategy for

many years. We work targeted to reduce our climate impact and to secure and

develop our business model to meet future climate requirements and risks. In our

opinion, CICERO Shade of Green's methodology provides investors and other

stakeholders with a solid and transparent basis for assessing companies'

sustainability work and position across industries, says CEO of Entra - Sonja

Horn.

Methodology developed in close co-operation with leading financial institutions

The development of the Shades of Green methodology is funded by ENOVA and has

been developed by CICERO in close dialogue with leading financial institutions

such as amongst others Oslo Pensjonsforsikring, Nysnø and Sparebank1. The

methodology sets out relevant climate-related KPI's which can be followed-up

over time. The indicators are the same for all companies within a sector. A

company report according to the CICERO Shades of Green methodology monitors:

* The level of green revenues and investments

* The company's sustainability strategy and climate adaptation

* Management and adaptation to climate risks

* Use of climate scenarios and compliance with the Task Force on

Climate-related Financial Disclosures (TCFD)

* Possible adaptation to the EU taxonomy for sustainable finance

The CICERO/ CICERO Shades of Green report is enclosed.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Sonja Horn, CEO, 047 90568456, sh@entra.no

ABOUT ENTRA ASA

Entra is a leading owner, manager and developer of office properties in Norway.

Entra owns and manages around 90 buildings totalling approximately 1.3 million

square meters, located in Oslo and the surrounding region, Bergen, Stavanger and

Trondheim. Entra has a solid customer portfolio with a high proportion of public

tenants. The company's strategy is focused on delivering profitable growth, high

customer satisfaction and environmental leadership

ATTACHMENTS

* Download announcement as PDF.pdf

[https://kommunikasjon.ntb.no/ir-files/16126567/63/85/Download%20announcement

%20as%20PDF.pdf]

* CICERO Shades of Green Entra.pdf

[https://kommunikasjon.ntb.no/ir-files/16126567/63/84/CICERO%20Shades%20of%20

Green%20Entra.pdf]