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.

 

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(link is external) RMBS (Residential Mortgage Backed Security); meaning the assets backing the bond are green residential mortgages, ie linked to energy efficient homes, and that the proceeds of the bond issuance will finance those green residential mortgages.  

Part of Green Storm 2016(link is external), the pool contains a mix of energy efficient(link is external)  homes, as well as houses that have been refurbished to improve energy performance.

The Green STORM 2017 B.V. securitisation was for the purposes of refinancing a portfolio of energy efficient residential mortgages.

Following on from their two highly successful and popular Certified RMBS's in 2016 and 2017, Obvion issues another in 2018.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

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

Sustainalytics pre issue report

Sustainalytics post issue report

  http://www.obvion.nl/homepage.htm

Blog

Blog

Reuters article

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 issue report

Sustainalytics post issue report

  http://www.obvion.nl/homepage.htm

Announcement

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 issue report

 

  http://www.obvion.nl/homepage.htm

Certificate for Green Storm 2018

Impact study of emissions reductions in buildings portfolio (provisional pool)

Impact study of emisisons reductions in buildings portfolio (final pool)

Sustainalytics Second Party Opinion

July 2019 Residential Mortgage Backed Security

EUR 600m (USD 673m)

Netherlands Low Carbon Buildings -
Residential

Sustainalytics pre issuance report

 

  http://www.obvion.nl/homepage.htm

Certificate for Green Storm 2019

Study of emissions in buildings portfolio

Sustainalytics Second Party Opinion