Certification

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

 

Landesbank Baden Württemberg

Landesbank Baden Württemberg is one of Germany's largest banks and it is based in the southwest of Germany. It has issued their first Climate Bonds Certified Bond in order to finance their loans related to low carbon buildings.This is the first Climate Bonds Certified Bond from a German bank and LBBW issues this bond with the intention of helping to develop this market in Germany.

LBBW signed up to the ICMA Green Bond Principles in 2014. It intends that these investments will contribute towards the UN Sustainable Development Goals (SDG), including SDG 11 (sustainable cities and communities), SDG 13 (climate action), and SDG 7 (affordable and clean energy).

 

DATE OF ISSUE TYPE OF INSTRUMENT SIZE  MATURITY COUNTRY OF ISSUE

 CLIMATE BONDS SECTOR CRITERIA 

VERIFIER'S REPORT  ANNUAL REPORT FURTHER INFORMATION
 December 2017 Use of Proceeds Bond  Euro 750m (USD 884m) 4 years  Germany

Low Carbon Buildings - Commercial 

 Low Carbon Buildings - Property Upgrades 

Oekom pre issue report 2017 Report

 Green Bond Framework

 LBBW Press Release

 

June 2018 Use of Proceeds Covered Bond EUR 500m (USD 581m) 5 years Germany Low Carbon Buildings - Commercial  Oekom pre issue report1    

 

note 1: As this is a Programmatic Certification, the pre issuance verification report is the same for all subsequent bonds after the first one.