GOV-2 – Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies

Rentenbank’s Management Board is regularly informed about material sustainability matters. This takes place both on an ad hoc basis and as part of ongoing business management and risk management processes. Sustainability matters are addressed in particular in connection with strategic issues, the risk inventory, the further development of the promotional programme and regulatory requirements. As a member of the Sustainability Board, the Management Board is also informed about key developments at meetings of this body, which are held at least quarterly and attended by large parts of senior management.

The Supervisory Board is regularly informed about significant sustainability-related developments and is involved in the related deliberations. Developments in the carbon price serve as an indicator for the early identification of transition risks. This indicator is reported when defined thresholds are exceeded.

The Management Board is informed about the methodology, results and material changes relating to the double materiality assessment and considers their implications for Rentenbank’s strategic direction, risk management and reporting. The material impacts, risks and opportunities identified form a basis for strategic discussions and decision-making processes.

During the reporting period, the Management Board focused in particular on the sustainability matters identified as material: climate change (E1), own workforce (S1) and business conduct (G1). These deliberations included the assessment of the principal impacts, risks and opportunities, as well as the development of management approaches and measures in the respective areas.

Any conflicts between sustainability-related objectives and other strategic or economic objectives are addressed as part of the existing decision-making and governance processes. No significant conflicts of interest were identified during the reporting period that would have required a separate decision by the governing bodies.