We assess OBOS' Green Bond Framework as Light green. OBOS BBL is a member-owned property developer that operates in Norway, Sweden, and Denmark. The organization was established in Norway in 1929 to develop and provide housing to its member-owners. Today, OBOS is one of the largest property developers in the Nordics, developing both residential (primarily single-family houses) and commercial buildings (including shopping centers, hotels, hospitals, and schools) as well as providing management services to housing associations. OBOS also provides bank services, real estate brokerage (about 5% of annual revenues in 2023) and engages in activities that benefit its members (its owners) and invests in start-ups.