Pfandbrief issuers under the umbrella of the Association of German Pfandbrief Banks (vdp) have formulated minimum standards that Pfandbrief Banks must satisfy if they wish to issue “green” Mortgage Pfandbriefe or “green” Public Pfandbrief. They will give a further boost to the market for Green Pfandbriefe and provide useful guidance for active and potential issuers as well as interested investors.
The German Pfandbrief banks are committed to the climate objectives and want to play their part in making sure that the carbon footprint can be reduced. As of 2019, the vdp has central responsibility for administering trademark rights to the “Green Pfandbrief” product for and on behalf of its member institutions. This will ensure rigorous ongoing development of the still young market segment. To this end, Pfandbrief issuers belonging to the Association and active in the segment have formulated minimum stand
Transparency plays an important role in this respect since investors want to know what they are investing in. Pfandbrief banks are therefore committing themselves to publishing detailed information about Green Pfandbriefe. This particularly includes information on the qualifying assets in the cover pool, the issuer’s “Green Bond Framework” and the external opinion prepared by a qualified independent party. Issuers active in the Green Pfandbrief segment regularly publish all this information on their website