Germany: Scope 3 Emissions Calculation For Kreissparkasse Köln
The bank intends to launch Climate Bonds. For this purpose, concept studies are elaborated to specify obligations for the financing of residential buildings that could be appropriate for the re-financing in accordance to the „Climate Bonds, Residential Property Climate Bonds, Certification methodology“ (www.climatebonds.net/standard/buildings). This standard allows for the bonding of the financing of up to 15 per cent of the most appropriate buildings of a comparison group to a Climate Bond. This is followed up by a technical report concerning the evaluation of the residential building financing portfolio of the bank that will serve as the basis for the later verification of the bank´s selection for the Climate Bond by an accredited verifier.
MACS was therefore targeted with the portfolio screening of Scope 3 emissions as well as with the elaboration of a concept study assessing EU benchmarks for climate friendly residential buildings.