Invested through |
|
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Asset Classes | Impact bonds |
Impact strategy | Impact Equities and Bonds |
ISIN code | XS2582195207 |
Industry group | Banks |
Aligned with SDGs |
Landesbank Hessen-Thüringen (Helaba) is a commercial bank with core regions in Hesse and Thuringia, Germany. Helaba is 12% owned by Federal States of Hesse and Thuringia, 88% owned by German savings bank sector. It offers financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally.
Investment rationale
As a public bank, Helaba has a mandate to promote social and environmental impact via lending and other business activities. Helaba published its Green Bond Framework in 2021. Through impact bonds, the bank finances loans in projects related to renewable energy. Projects include wind energy (both onshore and offshore wind energy generation facilities) and solar energy (Photovoltaic, concentrated solar power, and solar thermal facilities).
100% of the revenues of this green bond is aligned with the Energy Transition. The contribution to the Energy Transition comes from 100% of proceeds allocated to the impact objective Renewable Energy.