Top Score for Avinor in ESG Risk Assessment

02 Dec 2025 12:00 CET

Avinor has achieved a top score in its inaugural ESG (Environmental, Social, and
Governance) risk assessment conducted by MSCI, a leading global provider of ESG
ratings and analysis. The ESG rating measures companies' resilience to long-term
ESG risks and ranks them on an industry-relative AAA-CCC scale based on the most
relevant key areas for the company's business model. The model underlying MSCI's
ratings is based on three pillars: Environment, Social Responsibility, and
Corporate Governance, each with a range of sub-themes. MSCI's process is based
on a thorough review of information provided by the company, as well as MSCI's
own research into publicly available information about Avinor.

Key Figures:
• Maximum achievable score: 10.0
• Avinor's total score: 8.3
• Environment: 10.0 (19% weight)
• Social Responsibility: 8.0 (37% weight)
• Corporate Governance: 7.8 (44% weight)

"We are very pleased to receive this rating," says Hilde Vedum, CFO of Avinor.
"After an extensive process covering a wide range of topics, we are proud to
have succeeded in compiling an overall picture that reflects how ESG efforts are
integrated into all parts of Avinor's operations. This has been well received by
MSCI, a recognized player in the global financial markets. Avinor has long
worked systematically and invested significant resources in most of the areas
underlying MSCI's assessment. We entered the process with the ambition to
perform well, and we are now receiving well-deserved recognition for this work.
This is particularly relevant at a time when sustainability and finance are
increasingly interconnected, and the result strongly contributes to building
trust with our owners, the board, lenders, and society at large."

Avinor's performance places the company among the leaders of its sector,
transportation and infrastructure, in the evaluated areas. The strong result
underscores Avinor's commitment to sustainability, responsible corporate
governance, and social responsibility. The company will continue to prioritize
sustainability and transparency in its efforts toward a greener future for
Norwegian aviation.

Avinor sought the assessment from MSCI following inquiries from the company's
institutional lenders in the European bond market. The capital market has long
embraced sustainability and ESG topics, and companies with capital needs are
increasingly evaluated based on their ESG agenda. A third-party assessment
strengthens the credibility and trust in this agenda.

For more information, please contact:

Hilde Vedum
Finance Director
E-mail: hilde.vedum@avinor.no
Mobile: +47 99500534

Per Gunnar Ølstad
Head of Investor Relations
E-mail: per.gunnar.olstad@avinor.no
Mobile: +47 90693858

More information:
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661049_MSCI_PROVISIONAL_ESG RATINGS_AVINOR AS_DEC 2025_FINAL.pdf