Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

de Volksbank

 

de Volksbank is the 4th mortgage lender in the Netherlands to receive Certification. It is the 4th largest bank in the Netherlands and focuses mainly on retail banking. The bank has made a commitment to achieve a carbon neutral balance sheet by 2030.

This initiative is led directly by the bank’s Treasury and will be partly achieved by focusing on mortgages for low carbon residential housing. As a consequence, de Volksbank has been marketing relevant products and actively providing advice to borrowers about how to increase the energy performance of their homes. As a result, at the end of 2018, de Volksbank’s balance sheet is 37% climate neutral.

 

DATE OF ISSUE TYPE OF INSTRUMENT  SIZE TENOR COUNTRY OF ISSUE   CBI SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
September 2019 Use of proceeds bond  EUR 500 million (USD 554 million) 5 years Netherlands Low Carbon Buildings (Residential)

pre issuance verification statement

 

Green Bond Framework

de Volksbank Green Bond website

July 2020 Use of proceeds bond EUR 500 million (USD 571 million) 10 years Netherlands Low Carbon Buildings (Residential) uses same report as above, because programmatic Certification*    
October 2020 Private Placement EUR 300 million (USD 353 million) 2 years Netherlands Low Carbon Buildings (Residential) uses same report as above, because programmatic Certification*