BP-1 – General basis for preparation of sustainability statements

Rentenbank prepares its Sustainability Statement on a voluntary basis. Reporting is based on the requirements of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), as amended.

The Sustainability Statement has been prepared on an individual basis. Rentenbank does not prepare consolidated financial statements, as the subsidiaries within the Rentenbank Group are not material to Rentenbank’s net assets, financial position, and results of operations, either individually or in the aggregate. Accordingly, the scope of consolidation for sustainability reporting corresponds to that of the annual financial statements.

To the extent relevant to Rentenbank’s business model, the Sustainability Statement covers both the bank's own operations and selected aspects of the upstream and downstream value chain. These arise in particular from promotional business conducted under the on-lending principle through local partner banks. Due to the limited information and data available on the upstream and downstream value chain, the value chain cannot be considered in all reporting standards where such consideration is envisaged. This is made transparent in this report under the relevant topics. We also indicate where estimated data have been used.

There are concepts, measures, and targets for the upstream and downstream value chain, for example, in the consumption of resources or in the promotion of the sectors and areas that are important to us. The upstream and downstream value chain was also taken into account in the double materiality analysis.

Where relevant, the upstream value chain is reflected in particular in the key figures on operational ecology, to the extent this is possible given our status as a tenant. We determine key figures for the downstream value chain in particular when measuring financed emissions.

The CSRD permits the omission of information on future developments or matters under negotiation. However, this is permissible only where disclosure of such information would be seriously prejudicial to the undertaking’s commercial position and where omission does not prevent a fair understanding of the undertaking’s development, performance, and position. We have not made use of this option in this report. No information based on intellectual property, know-how, or the results of innovation has been omitted.