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.

 

Obvion

 

 

 

 

 

 

Obvion(link is external) NV is a residential mortgage provider in the Dutch market and a wholly owned subsidiary of Rabobank.

In 2016, they issued Europe's first 100% green RMBS (Residential Mortgage Backed Security); meaning the assets backing the bond are residential mortgages linked to energy efficient homes. The proceeds of the bond issuance will finance those green residential mortgages.  

The portfolio includes energy efficient homes, as well as houses that have been refurbished to improve energy performance. More information may be found on the news articles and the impact studies below.

 

Since the first such issuance in 2016, 3 more have been issued, in 2017, 2018 and 2019, with similar structures.

 

 

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
June 2016 Residential Mortgage Backed Security EUR 526.2m (USD 595.1m) Netherlands Low Carbon Buildings -
Residential

Sustainalytics pre issuance report

Sustainalytics post issuance report

Annual Report 2019

Annual Report 2020

Certificate

Blog

Blog

Reuters article

Bloomberg article

Impact Study

Green Bond Framework and Second Party Opinion

June 2017 Residential Mortgage Backed Security EUR 594.2 (USD 667.2m) Netherlands Low Carbon Buildings - Residential

Sustainalytics pre issuance report

Sustainalytics post issuance report

Annual Report 2019

Annual Report 2020

Certificate

Announcement

Impact Study

Green Bond Framework and Second Party Opinion

May 2018 Residential Mortgage Backed Security EUR 587.8m (USD 687.9m) Netherlands Low Carbon Buildings -
Residential

Sustainalytics pre issuance report

Sustainalytics post issuance report

Annual Report 2020

Certificate

Impact study

Sustainalytics Second Party Opinion

July 2019 Residential Mortgage Backed Security

EUR 641.3m (USD 722m)

Netherlands Low Carbon Buildings -
Residential

Sustainalytics pre issuance report

Sustainalytics post issuance report

 

Certificate

Impact Study

Sustainalytics Second Party Opinion