Pbb’s green loan concept is based on a proprietary rating model and EU taxonomy
Funding via green bonds has been ongoing since the first quarter of 2021
Comprehensive classification of the loan portfolio as a basis for defining objectives
As part of the continued alignment of its activities with ESG criteria, pbb Deutsche Pfandbriefbank is expanding its product range and now offers green loans for the purchase or development of commercial real estate that meet strict environmental criteria. In addition, pbb supports investments aimed at improving the sustainability of buildings. pbb has been financing part of its lending activity with green bonds since the first quarter of 2021.
âBy offering green loans, we support our clients in their efforts to invest in sustainable real estate and in their ESG positioning. Together with the real estate sector, we, as one of the leading providers of real estate finance, are making a substantial contribution to achieving a climate efficient real estate sector and meeting EU climate targets â, said Thomas KÃ¶ntgen , deputy general manager of pbb and responsible for commercial real estate clients.
pbb has developed a stand-alone scoring model for green loans which currently includes ten factors in the three categories âenergy efficiencyâ, âbuilding certificationâ and âadditional sustainability factorsâ. The criteria are based on market requirements and comply with EU taxonomy. Buildings that comply with the EU taxonomy are also eligible for green loans.
The requirements for properties, which clients can finance through pbb’s green loans, go beyond the common criteria of low energy consumption. The scoring model awards a maximum of 100 points, of which up to 50 points are awarded for energy efficiency and up to 20 points for green building certification. A maximum of 30 additional points can be awarded for additional sustainability factors, such as the avoidance of waterproofing of the ground surface, the availability (and distance) of the public transport network, as well as the use of recycled materials for construction or type of heating and green electricity use. Properties with a total of at least 60 points are eligible for a green loan.
pbb has systematically analyzed new business based on environmental criteria since 2020, then issuing the first green bond on this basis in the first quarter of 2021. The Bank is continuing this analysis, aimed at ensuring transparency on compliance with ecological criteria for the entire loan portfolio, and therefore to set corresponding targets for the near future.
Walter Allwicher, + 49-89-2 88 02 87 87, walter.allwicher (at) pfandbriefbank.com
Nina Lux, + 49-89-2 88 01 14 96, nina.lux (at) pfandbriefbank.com
Deutsche Pfandbriefbank AG published this content on October 11, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 11, 2021 09:21:04 AM UTC.