NRW.BANK is the largest regional development bank in Germany. Within the European supranational and agency sector, NRW.BANK – with total assets of €155.8 billion in 2020 – is ranked number four. As a development bank, NRW.BANK offers the full range of financial products within its three fields of promotion. These are economic development, housing promotion, and infrastructure and municipal promotion. Fighting climate change – as a cross-section topic – also has high priority.

NRW.BANK solely relies on funding from wholesale capital markets and other agencies. Furthermore, NRW.BANK does not have a dividend payout policy. As such, it is able to use almost all its revenues to strengthen its allowance reserves.

Due to its mission and public ownership, the nature of NRW.BANK is to be sustainable. To decrease disparities and harmonise living conditions, NRW.BANK supports the local economy, stimulates affordable home ownership, supports education and ensures economically disadvantaged municipalities’ liquidity. These lending programmes underpin NRW.BANK social bonds. The strategy is to be active in the social-bond market at least once a year with a euro benchmark transaction and through deals in Australian dollars.

The bank was the first German development bank to issue a green bond, in 2013. Its strategy is to refinance environmentally friendly loans with green bonds. An amount equal to the net proceeds of any NRW.BANK green bond is allocated to refinance existing projects that focus on climate mitigation and adaptation. The current Green Bond Framework is aligned with the drafted EU Green Bond Standard and TEG Taxonomy. Reporting on green and social bonds is included in NRW.BANK’s annual Sustainability Report.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMMES
Green Bond Programme: support the 1.5-degree-target of the Paris Agreement with a focus on climate mitigation and adaptation.
Social Bond Programme: decrease disparities and harmonise living conditions across North Rhine-Westphalia. These bonds meet UN SDGs 6, 7, 13 and 15 (green) and 4, 8, 10 and 11 (social).

PUBLIC ISSUER ESG RATINGS/SCORES

Dr. Frank Richter
Head of Investor Relations
+49 211 91741 5555 
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www.nrwbank.de