Rentenbank

SECTOR Agency
RATINGS  AAA/Aaa/AAA
RATING OUTLOOK All stable
FUNDING VOLUME 2022/23  €10.7BN/€11BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, level 1 asset in the entire EU, 0%
REPO ELIGIBILITY 

Yes, with a number of central banks worldwide

About Rentenbank

Rentenbank is Germany’s development agency for agribusiness and rural areas. It was established by statute in 1949 as a central refinancing institution for the agricultural and food industry. Rentenbank pursues an integral promotional approach at low interest rates. It comprises the sectoral promotion of agriculture across the value chain, development of rural areas and investment in renewable energies. The agency pays particular attention to promoting investments aimed at the progressive and sustainable development of agribusiness. Rentenbank lends its support to highly innovative projects.

Sustainable funding strategy

In 2020, Rentenbank published its green bond framework, which is in line with the Green Bond Principles and stipulates that proceeds from green bonds are used to fund renewable energy projects to mitigate climate change: EU Environmental Objective 1. Furthermore, Rentenbank’s green bonds contribute to UN Sustainable Development Goals 7 (affordable and clean energy) and 13 (climate action).

An annual green bond investor report provides information on allocation and impact analysis. A dedicated green bond committee evaluates, selects and monitors eligible green loans and further development of the framework.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Renewable energy.

GSS BOND PROGRAMME NAME Rentenbank Green Bonds
REFERENCE TAXONOMIES FOR THE USE OF PROCEEDS

Member of the Green Bond Principles and Social Bond Principles, alignment of the Green Bond Framework with the EU Taxonomy on a best-effort basis.

FRAMEWORK WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED CMA Green Bond Principles, ICMA Social Bond Principles
EXTERNAL REVIEW PROVIDER  CICERO Shades of Green (SPO) (dark green)

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE (all unsolicited)

ISS-oekom
Sustainalytics


MSCI
Vigeo Eiris

D+
41 out of 102
development banks 
(low risk)
AA
ESG overall score robust (52/100) Sector: Specific Purpose Banks & Agencies

FOR FURTHER INFORMATION PLEASE CONTACT:

Stefan Goebel, Treasurer
+49 69 2107 269
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Leopold Olma, Head of Funding, Treasury
+49 69 2107 225
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www.rentenbank.de