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Rentenbank Green Bonds

Rentenbank Green Bonds are bonds whose proceeds are used to finance existing or new sustainable projects which have measurable positive effects on the environment.

Sustainable Funding

In principle, bonds, registered bonds und promissory notes are in scope to be used for Green Bonds.

The net proceeds from these issuances are used to fund renewable energy projects which combat climate change as part of our Rural Energy programme.

All projects within this promotional programme are geared towards producing electricity from renewable energy solely in Germany.

Rentenbank’s Green Bond committee of experts selects an asset portfolio of green loans from the Renewable Energy projects, which are eligible for funding using Green Bonds. The conditions for the conceptual approach are defined in Rentenbank’s Green Bond Framework.

Green Bonds
ICMA GBP cate­gory Eligible Green Loans UN Sus­tain­able Devel­opment Goals Con­tribu­tion to EU En­viron­mental Ob­jective
Re­newable Energy Pro­duction, storage & dis­tribution of wind and solar energy (e.g. wind turbines, roof-­mounted solar panels)

UN-SDG-7

UN-SDG-13

 - EU En­viron­mental Ob­jective (1): Climate Change Mi­ti­gation

 

- Sub­stan­tial con­tri­bution to Climate Change Mi­ti­gation (1.a): Ge­ne­rating, stor­ing, dis­tri­buting or using re­newable energy in line with the Di­rective (EU) 2018/2001, in­clu­ding using in­no­vative tech­nology with a po­tential for sig­ni­ficant future savings or through neces­sary re­in­force­ment of the grid.

The Rentenbank Green Bond Framework is consistent with the ICMA Green Bond Principles (GBP). It provides investors with transparency regarding Rentenbank’s Green Bond strategy. Essentially, the framework describes how proceeds from issuances are used, how we assess and select projects, how proceeds are managed and how we carry out reporting.

The estimated impact of Rentenbank Green Bonds on the environment will be published on our website as part of an Impact Report on an annual basis. In addition to the amount of renewable energy generated by the projects, the report will also contain data on the damaging greenhouse gas emissions which have been avoided.

A qualified external institute generates a second party opinion of the framework which will also be published here.

You can find out more about sustainability on our Sustainability page.

Sustainability page

Green Bond Reporting

As part of the Rentenbank Green Bond Reporting, current information on the use of the proceeds from issuances and the anticipated impact on the environment will be provided. The allocation report is produced in line with the portfolio approach as a tabular comparison of eligible green loans on an aggregated basis (asset portfolio) with the net proceeds from the Green Bond issuances achieved.  

The impact report keeps you up to date on the positive impact on the environment made by the asset portfolio based on quantitative key figures. We will report on the overall energy capacity in MW, the annual electricity consumption in GWh and the reduction in CO2 greenhouse gas emissions. We take the calculations made by an autonomous research institute as our basis for this.

Reporting is published within a Green Bond Investor Report on an annual basis. All relevant documents in relation to the issuance of Rentenbank Green Bonds are available to download.

Relevant documents

Overview of Rentenbank Green Bonds

Green Bonds from 2020

In addition to the private placements Rentenbank has made up to now, we will also now be issuing Green Bonds as publicly available bonds from 2020. When selecting currencies, maturities and issue volumes, flexible adjustment to market conditions and investors’ requests to promote sustainable projects will take centre stage. The Rentenbank Green Bond Framework serves as the basis for all Rentenbank Green Bond issuances from 2020 onwards.

 

 

Green Bonds from 2020

Green Bonds issued up to 2019

Since 2013, Rentenbank has placed six Green Bonds as private placements in EUR, USD, AUD and SEK. The proceeds from the respective issuances were allocated to specifically selected projects from within the Rural Energy programme (nondynamic portfolio).

The customised issuances with short to medium term volumes were each placed with one individual investor.

 

 

Green Bonds issued up to 2019

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