RBI wins three regional Global Finance Sustainability Awards
Outstanding Leadership in Sustainable Finance * Outstanding Leadership in Sustainable Bonds * Outstanding Leadership in Green Bonds
Global Finance has recently announced its selections for the inaugural 2021 Sustainable Finance Awards, and Raiffeisen Bank International (RBI) was honored with three awards for Central and Eastern Europe (CEE), including the regional top-award “Outstanding Leadership in Sustainable Finance”.
“More than 30 years ago, we played a key role in supporting the transformation in CEE from planned to market economies. Now we want to take a leading role in the transformation of our markets to sustainable economic models. We are working at full speed to achieve this and can already point to the first clearly visible successes,” said RBI-CEO Johann Strobl. “The awards are a most welcome recognition of our efforts.”
According to the Bloomberg league tables for the first half of 2021, the RBI Group ranks first as arranger of sustainable bonds by both volume and number of transactions in Austria and CEE. RBI launched its own Green Bond issuance program already in 2018 with the aim of promoting sustainable lending in Austria and CEE. With a total volume of almost € 1.3 billion, RBI is currently Austria’s largest green bond issuer. In 2021, RBI rolled out its green bond program to its subsidiary banks in CEE. Tatra banka in Slovakia, Raiffeisen Bank in Romania and Raiffeisenbank in the Czech Republic issued green bonds with a total volume of almost one billion euros in 2021, making the RBI Group the largest green bond issuer in these countries.
Global Finance’s new awards program recognizes global and regional leadership in Sustainable Finance, i.e. funding for initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future for humanity. Winners were chosen based on entries, which were required for consideration, as well as independent research. Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability financing.