NRW.BANK steps up efforts to reach climate targets - The promotional bank has expanded its Sustainability Guidelines

NRW.BANK has further developed its Sustainability Guidelines with effect from January 1, 2021. By doing so, the promotional bank for North Rhine-Westphalia and the State of NRW reaffirm their commitment to the goals of the Paris Agreement. Companies in NRW benefit from particularly favourable conditions to fund their sustainable projects.

“To strengthen the future viability and competitiveness of the State in the long term, we support our owner, the State of North Rhine-Westphalia, in implementing its sustainability strategy. We are therefore stepping up our efforts to help the State achieve the Paris climate targets,” says Eckhard Forst, Chairman of NRW.BANK’s Managing Board. “We want to help limit global warming to well below two degrees by actively supporting and accelerating the necessary transformation of our country towards a low-emission and climate-resilient economy by providing the right promotional solutions.”

In its revised Sustainability Guidelines, NRW.BANK commits itself to aligning its product and service portfolio with the goal of effectively achieving climate neutrality by 2050. This applies to both the promotional business and the investment policy of the Bank.

Sustainable investment

With sustainability principles in mind, NRW.BANK issues its own Green Bonds and additionally started issuing Social Bonds last year. In addition, the Bank invests in a separate Sustainable Investment Portfolio to supplement its capital investment portfolio with proven sustainable investments. The Bank’s green funding curve offers funding recipients the opportunity to finance projects that are in line with the EU taxonomy for sustainable investments at particularly favourable conditions. This green curve has been laid down in the revised Sustainability Guidelines, as has the Bank’s aim to align the capital market business with the Principles for Responsible Investment (PRI) signed by NRW.BANK in December 2020. The PRI membership is a further contribution to the integrated sustainable orientation of the Bank’s capital market business.

For more information, visit our sustainability portal at www.nrwbank.com/en/about-us/sustainability


About NRW.BANK
NRW.BANK is the promotional bank of North Rhine-Westphalia (NRW). Its mission is to support its owner – the state of North Rhine-Westphalia – in the completion of its structural and economic policy tasks. In its three promotional fields “Economy”, “Housing” and “Infrastructure/Municipalities”, NRW.BANK uses a wide range of promotion tools – from low-interest promotion loans to equity financing to advisory services. It cooperates with all banks and savings banks based in NRW on a competition-neutral basis. NRW.BANK takes into account the existing offers by the Federal Government, the North Rhine-Westphalian government and the European Union in the arrangement of its promotion.

NRW.BANK contact
Caroline Gesatzki
Press Officer
Tel.: + 49 211 91741-1847
Mobile: + 49 151 15179261
caroline.gesatzki@nrwbank.de

Additional information at www.nrwbank.de