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  7. Green Bonds

Green Bonds

A sustainable investment

According to the European Commission, the real estate sector is responsible for around 36 per cent of energy-related CO2 emissions in the EU. The sustainable transformation of the real estate sector therefore plays a central role in combating climate change. As al leading real estate bank, and a major issuer of Pfandbriefe in Germany, we are taking responsibility for contributing to the transition toward a  sustainable real estate industry. An investment in our Green Pfandbriefe offers the opportunity to participate in this change.
 

Our sustainability strategy
Glass front of office building with bright green trees, above blue sky with white cloud
Icon: DZ HYP Logo with green leaf

Green Pfandbrief

By issuing Green Pfandbriefe, we are increasing the transparency of the ecological quality of the loan portfolio and offering our investors the opportunity to make targeted investments in the sustainable transformation of the real estate sector and to contribute to a lower-carbon economy. In addition to the usual high requirements of the Pfandbrief Act, the issued covered bonds also meet the vdp minimum standards for green covered bonds. In addition, our Green Bond Framework is based on the ICMA Green Bond Principles, which has been confirmed by the sustainability agency ISS-Corporate in the context of the Second Party Opinion.

Green icon: Book

Green Bond Framework

The Green Bond Framework defines all the important characteristics of our Green Pfandbriefe. It is subject to regular review and will be revised as necessary. The current version was further developed in 2024 and, in particular, adapted to the new minimum standards of the Association of German Pfandbrief Banks (vdp) and moved closer to the criteria of the EU taxonomy for a significant contribution to climate protection. In particular, the energy efficiency criteria of the properties are used to define green assets.

Green icon: Barchart with 4 bars

Reporting

Trust and transparency are particularly important for sustainable investments. To maintain this trust, we create the greatest possible transparency regarding the use of the issue proceeds. We therefore report on the use of the funds and the climate impact achieved by our Green Pfandbriefe in regular allocation and impact reports. To ensure that the methods used meet the highest quality standards, we commissioned Drees & Sommer, a renowned consulting firm, to calculate the climate impact. In addition, the external verification by ISS Corporate confirms compliance with the requirements of the ICMA Green Bond Principles and the application of the criteria defined in our Green Bond Framework.

Downloads at a glance

Green Bond Presentation (PDF)

Green Bond Framework

Second Party Opinion

Green Bond Report

External Verification