Sustainable Financing Framework now includes rail transport
Munich – BayernLB is pressing forward with its shift towards a sustainability-orientated business model and is broadening its Sustainable Financing Framework. In addition to solar energy and wind power, the Bank’s ESG policy now also applies for rail transport. The framework, which sets the basic parameters for reducing BayernLB’s carbon footprint, is calibrated with the goals and standards of the EU Taxonomy Regulation. In a second party opinion, the independent sustainability rating agency ISS ESG has confirmed the Rail transport portfolio is fully aligned to the EU Taxonomy on a best effort basis.
“This broadening of our Sustainable Financing Framework is another important building block in our efforts as a financier of progress to make a decisive contribution to decarbonisation and, in turn, to a viable future. Financing rail infrastructure and local public transportation projects will help reduce the need for private vehicles, so this is promoting low-carbon mobility”, noted Johannes Anschott, member of BayernLB’s Board of Management and head of the Bank’s Corporates & Markets segment.
With numerous successful ESG capital market issuances racked up by BayernLB and its Group subsidiaries DKB and BayernLabo, the BayernLB Group is one of the most experienced and active issuers in the segment of sustainable ESG transactions.