De Volksbank: Greening the residential housing market

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We recently purchased a green bond from De Volksbank, the proceeds of which are fully allocated to residential green mortgages in the Netherlands.

23 January 2022

The bond helps fund mortgages for residential properties in the top energy efficiency category - an energy label of “A” (19% of all residential properties in the Netherlands). Green mortgages support individuals in reducing their carbon footprint, as well as greening the residential housing market.

De Volksbank has financed 35,268 mortgaged loans worth EUR 7.8 billion. As a result of these green mortgages, an estimated 94,670 tons, or 13 tons per EUR million, of CO2 emissions will be avoided per annum, equivalent to 70,000 km driven in the Netherlands.

As part of De Volksbank’s sustainability strategy, the lender is targeting a “climate-neutral” balance sheet by 2030, taking into account the emissions from its mortgage lending and investing in projects with a positive environmental impact, such as green bonds and renewable energy. Among the green products offered by De Volksbank are green mortgages (providing discounted interest rates) and sustainability loans for insulation or solar panels.

Important legal information
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator of current or future trends. The mentioned financial instruments are provided for illustrative purposes only and shall not be considered as a direct offering, investment recommendation or investment advice.

Romain Miginiac

Fund Manager & Head of Research at Atlanticomnium S.A.
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