Awards, cooperation, ESG, green lending: What were the topics and events that drove pbb? A brief foray through the year 2021.
pbb and CDC cooperate at CAPVERIANT
Joining forces to make public investment markets more efficient: With the French state financial institution Caisse
des Dépôts (CDC), pbb has found a strong partner for its fintech CAPVERIANT, which operates a platform for municipal
financing. The joint venture is a strong signal for our pan-European approach and our business in France, where CDC
is very well connected with public sector clients via its Banque des Territoires segment.
pbb launches comprehensive ESG programme
Aligning business activities to ecological, social and governance (ESG) criteria is becoming increasingly important in the
financial sector, as financial institutions provide the funds to combat climate change and its consequences. pbb has therefore launched a targeted ESG programme, which bundles all activities and places ESG requirements at the centre of what we do.
Our approach includes the systematic expansion of pbb’s activities in the field of green finance, i.e. the issuance of green bonds and green loans. We will continue to reduce the environmental footprint in our daily operations and strengthen our efforts regarding social aspects and good corporate governance. In addition, we are expediting the active management of ESG risks.
Attracting experts – with a new career site
A new design for pbb’s career website: With the fresh look, but especially with the restructured content, pbb intends to attract young professionals. The site therefore provides information on the different entry opportunities as well as interesting facts about pbb’s activities and services for all career levels. Aside from current job vacancies, we also publish the dates of career fairs in which we are participating, where we can provide information personally about pbb as an employer.
Green lending: a contribution to sustainable real estate
An important measure in the context of our ESG programme (see June) is to support our clients when they invest in
sustainable real estate. To this end, we have broadened our product range to offer green loans, which are granted for
the purchase or development of commercial properties that meet strict environmental criteria, and for investments that make properties more sustainable.
To measure this, we have developed an independent scoring model. pbb has been funding part of its lending business with green bonds since the first quarter of 2021. As one of the leading real estate finance providers, we would like to contribute towards achieving a more climate-efficient real estate sector and reaching the EU climate targets.
Triple award winner
The CEE Investment Awards, hosted by EuropaProperty in Poland, saw pbb – as in 2020 – once again named Bank
of the Year. The renowned award recognised pbb’s achievements as a leading financial services provider in the real estate market, with key transactions in Central and Eastern Europe.
pbb’s Corporate Report 2020/2021 received several commendations: At the ARC Awards, the biggest international competition for annual reporting, pbb won four awards, including a Grand Award in the category “Best of Interior Design, Banks National”.
In July, our Pfandbrief issues had already received an Award of Excellence from The Covered Bond Report industry magazine. The jury, made up of representatives from international investment banks, particularly honoured the pound sterling Pfandbrief linked to the new SONIA reference interest rate. In autumn 2020, we were the first bank from continental Europe to issue a covered bond with this reference interest rate.