Investor Relations

The Green Bond Principles of the International Capital Market Association (ICMA) and the Green Loan Principles of the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA) and the Asia Pacific Loan Market Association (APLMA) constitute recognised frameworks for green issuances in the form of voluntary, recognised process guidelines on transparency, disclosure and reporting by issuers to investors. The development of a Green Finance Framework in line with the Green Bond and Green Loan Principles defines the criteria for the use of funds from green financing instruments such as green bonds, green loans, green promissory notes and green registered bonds. HOCHBAHN’s Green Finance Framework focuses on the ‘Clean Transportation’ category. The framework complies with the Green Bond and Green Loan Principles, takes into account the United Nations’ Sustainable Development Goals (SDGs) and the EU Taxonomy.

To ensure a transparent and independent assessment of the Green Finance Framework, a qualified, independent second-party opinion is used in accordance with current market standards to certify the Green Finance Framework. HOCHBAHN has commissioned S&P Global Ratings, a provider of independent assessments (‘second-party opinions’) of green bonds, to review the Green Finance Framework. The S&P Global Ratings Second Party Opinion confirms compliance with the principles of the ICMA, as well as those of the LMA, LSTA and APLMA, and assigns HOCHBAHN’s Green Finance Framework a ‘Dark Green’ rating.