BP-2 – Disclosures in relation to specific circumstances

For its sustainability reporting, Rentenbank applies the time horizons for the short, medium and long term defined in the European Sustainability Reporting Standards (ESRS). No entity-specific definition of these time horizons has been adopted.

Where the Sustainability Statement contains quantitative key figures, monetary amounts or forward-looking information, these are based on the information available at the reporting date. By their nature, forward-looking statements are subject to uncertainties and may differ from actual outcomes as a result of external developments or changes in underlying conditions.

Measurement and estimation uncertainties arise in particular in areas where data from the upstream and downstream value chain is used or model-based assumptions are required. In this context, a significant source of measurement and estimation uncertainty is the recording of resource consumption in the upstream value chain and the measurement of financed emissions in the downstream value chain. Where consumption data are incomplete within the scope of our tenancy arrangements, extrapolations are used. Where relevant to Rentenbank’s GHG inventory, consumption figures calculated in some cases are converted into carbon dioxide equivalents using the emission factors provided by the VfU tool developed by the Association for Environmental Management and Sustainability in Financial Institutions (Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten e.V.). Emission factors are also used in the measurement of financed emissions, in this case at the level of the financed NACE codes.

We are continuously working to reduce measurement and estimation uncertainties. With regard to consumption data, we expect data quality to improve in the medium term as part of our planned relocation to Rentenbank’s owner-occupied head office. In GHG accounting, we are working to improve the data quality score in accordance with PCAF.

Comparative information, changes in methods or key figures, and corrections relating to previous reporting periods are not relevant in view of the first-time voluntary application of the ESRS. Accordingly, no adjusted comparative figures are reported.

The Sustainability Statement does not contain any additional information based on other legal requirements or generally recognised sustainability reporting standards beyond the requirements of the ESRS.

In this voluntary Sustainability Statement, we use the phase-in rules in accordance with ESRS 1, Appendix C. Under these transitional provisions, we have made use of the option to omit disclosures relating to expected financial effects (ESRS 2 SBM-3 and ESRS E1-9). We have also made use of the option to omit disclosures on non-employee workers (ESRS S1-7 and parts of ESRS S1-14). No standard identified as material in the materiality assessment was omitted in its entirety.