Bonds with a dedication of the proceeds towards green projects with a measurable positive effect on the environment.
For more than 130 years, Raiffeisen has combined financial success with socially responsible action. In 2018, Raiffeisen Bank International issued its first green bond, focused on green commercial real estate in Central and Eastern Europe. This inaugural green bond has contributed to increase green lending in Austria and the CEE network. Get an overview of the allocation of issuance proceeds, the green loan portfolio and its environmental impact.
Sustainable Development Goals
Our sustainability strategy contributes to the achievement of the UN Sustainable Development Goals (SDGs). Our contribution to sustainability means undertaking responsible corporate activities for the long term, with the goal of achieving economically positive results alongside consideration of key social and environmental aspects.
We are committed to aligning our policies and processes with these goals. Furthermore, we strive to take a leading role in the development and growth of the green bond market by promoting the Green Bond Principles.
More about the Green Bond initiative
Background to our green bond initiative
RBI intends to be a regular green bond issuer in the international capital market as well as in the Austrian and Eastern European retail markets. In doing so, we aim to offer alternative investments to investors focusing on climate-resilient investment opportunities.
With our green bonds we mainly focus on financing green buildings. Buildings are responsible for approximately 40% of energy consumption and 36% of greenhouse gas emissions in the EU¹.
source: European Commission
Green portfolio program
RBI launched its green bond program in 2018 and is currently the largest Austrian issuer of green bonds. In September 2019, we successfully placed our second green bond benchmark with an issue size of EUR 750 million and a term to maturity of seven years. With an order book of EUR 1.8 billion, it was significantly oversubscribed. By issuing green bonds, we aim to further increase awareness about sustainability within the whole organization, leading to new initiatives and strategic synergies between internal and external stakeholders.
Sustainable finance development
To further strengthen the link between RBI sustainability and financing strategies and to expand the eligible assets to include social loans, RBI has created a new Sustainability Bond Framework, which has replaced the RBI Green Bond Framework of 2018 on 22nd of February 2023.
RBI Sustainability Bond Framework is designed as an umbrella framework that will allow the Bank to issue Green Bonds, Social Bonds, or Sustainability Bonds, as the case may be.
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