Green Bonds

The ongoing development of the Green Funding Framework takes into account regulatory requirements, prevailing market standards and the availability of the data required for its implementation. This Framework describes the criteria and processes used to assess assets for potential inclusion as the refinancing basis of certain liabilities designated as "green" and, where the relevant requirements are met, to determine their eligibility.

The objective is to issue refinancing instruments backed by assets that have been assessed in accordance with the criteria set out in the Green Funding Framework. The use of proceeds is carried out in line with the requirements defined within the Framework.

Assets generally eligible for consideration may include, subject to the applicable criteria and individual assessment, new buildings, renovation projects, property developments, certified existing buildings, energy-efficient building refurbishments and investments in renewable energy. In the renewable energy sector, the Green Asset Pool may, subject to the applicable criteria of the Green Funding Framework, include photovoltaic installations, onshore and offshore wind energy projects, as well as energy storage solutions.

The Green Funding Framework is guided by the International Capital Market Association’s (ICMA) Green Bond Principles (GBP) and the Minimum standards for Green Pfandbriefe issued by the Association of German Pfandbrief Banks (vdp).

The Second Party Opinion (SPO) provided by ISS Corporate assesses the design and structure of the Framework against recognised market standards. It does not constitute an assessment of the actual environmental impact of individual assets or financial products.

Read more "Green Bonds and Other Refinancing Instruments under the Green Funding Framework"

Get more information

Contact