14. December 2021

Green bonds for green buildings

CLIENT

Sparkasse KölnBonn

SERVICES

Assessment of the Green Bond Framework in accordance with the Green Bond Principles

PROJECT COMPLETION

December 2021

Challenge

Sparkasse KölnBonn wants to (re-)finance environmentally friendly buildings by issuing green bonds. The proceeds are to be used to issue covered bonds to finance energy-saving measures in real estate. This includes existing residential properties, new buildings and renovations or refurbishments.

Solution

In our Second Party Opinion, we confirm that the Green Bond Framework is in line with the Green Bond Principles and that the financed projects from thegreen buildings category make a positive contribution to the UN Sustainable Development Goals (SDGs).

About the project

With the issuance of its first green mortgage bond, Sparkasse KölnBonn aims to reduce CO2 emissions by (re-)financing existing residential properties, new buildings and renovations or refurbishments. In the future, further green financial instruments are to (re-)finance projects in the area of environmentally friendly buildings.

In our Second Party Opinion, we confirm that the Green Bond Framework is in line with the International Capital Market Association (ICMA) Green Bond Principles (June 2021). The financed projects from the green buildings category contribute positively to SDG 11 “Sustainable Cities and Communities”.

In addition, we conducted the ESG risk management performance of the issuer, its sustainability strategy and a review of controversial business areas and controversies.

Sparkasse KölnBonn is a public-law credit institution and the largest municipal savings bank in Germany. It employs 3,700 people at over 80 locations in Cologne and Bonn and advises around 900,000 customers. In 2020, its total assets amounted to 27.8 billion EUR.

Are you a bank and would like to issue a green bond? Here, external verification and portfolio review are crucial for transparent and credible communication to investors. We are looking forward to supporting you!

Your personal contact

Christina Tyca and her team

Further information