Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg

oekom research verified that Landesbank Baden-Württemberg's (LBBW) Green Bond Programme conforms to the Climate Bond Standard Version 2.1. The programme focuses on financing green commercial buildings and renewable energy projects, specifically on- and offshore wind and solar energy. LBBW employs a methodology developed by Drees & Sommer Advanced Building Technologies GmbH to identify commercial buildings in the top 15% of the German market for low carbon performance, using building age and energy performance certificates as primary criteria. The verification confirmed LBBW's processes for project selection, tracking of proceeds, and reporting commitments.

• oekom research concluded that LBBW's Green Bond Programme is compliant with the Climate Bond Standard, stating they "found no evidence for non-conformance with the Climate Bond Standard’s requirements."
• The Green Bond Programme targets two primary eligible categories: renewable energy projects (including "On- and offshore wind energy" and "Solar energy") and green commercial buildings.
• For commercial real estate in Germany, LBBW uses a methodology to identify buildings in the "top 15% low carbon buildings in Germany". This includes office and retail buildings constructed in 2007 or later, as well as buildings that underwent major refurbishment since 2007.
• LBBW has established internal controls to manage the bond, including a "dedicated Green Bond Committee" and an internal IT system to "track the proceeds" and flag nominated assets.
• LBBW commits to allocating all Green Bond proceeds to the eligible portfolio "within one year of the Green Bond issuance" and will hold unallocated funds in "money market instruments" within its liquidity portfolio.

APA

Climate Bonds Initiative (2018). Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg. https://www.climatebonds.net/files/drupal-files/files/oekom_pre-issuance-verification_report_Public_LBBW_29012018.pdf

Chicago

Climate Bonds Initiative. Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg. 2018. https://www.climatebonds.net/files/drupal-files/files/oekom_pre-issuance-verification_report_Public_LBBW_29012018.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg |date=13 January 2018 |url=https://www.climatebonds.net/files/drupal-files/files/oekom_pre-issuance-verification_report_Public_LBBW_29012018.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018verification, author = {{Climate Bonds Initiative}}, title = {{Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg}}, institution = {Climate Bonds Initiative}, year = {2018}, month = jan, url = {https://www.climatebonds.net/files/drupal-files/files/oekom_pre-issuance-verification_report_Public_LBBW_29012018.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }