Aareal Bank AG

Unverified
XFID Unique Identifier for Aareal Bank AG: XO44FA1YQS
Sector
Banks
Website
www.aareal-bank.com
2 Second Party Opinions
1 Assurance Report
XFID Type Title Year Source Retrieved
XF-COPSPB6-5 Assurance Report Aareal Bank Green Finance Annual Review 2025 2025 www.aareal-bank.com 31 Mar 2026
XF-9UGQATG-J Second Party Opinion Aareal Bank AG Green Finance Framework - Liabilities Second-Party Opinion (2021) 2021 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-ZZH6UZX-5 Second Party Opinion Aareal Green Finance Framework– Liabilities Second-Party Opinion (2023) 2023 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 2 Mar 2026

Press Coverage (1)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 3 documents in the XframeworkID registry

NACE K Financial & Insurance Activities

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Aareal Bank AG, Germany (Wiesbaden) SPO 2023
Issuer sector/industry classification
Financial & Insurance Activities SPO 2023
Issuer type
Bank SPO 2023

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Aareal Green Finance Framework SPO 2023
Bond types covered under framework
Green bonds, Green loans SPO 2021
Eligible use-of-proceeds categories
Green Properties, Energy Efficiency Upgrade SPO 2023
Project evaluation and selection process description
Aareal Bank's Credit Management team assesses and documents asset eligibility. ESG-Expert-Group and Green Finance Committee provide guidance on sustainability criteria for financing and manage green asset pool. Environmental and social risk assessment applied to all financing decisions. SPO 2023
Refinanced vs. newly financed project distinction
Finance and refinance of existing green buildings ASSURANCE 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, October 19, 2023 SPO 2023
SPO preliminary evaluation or credibility rating
Credible and impactful SPO 2023
Assurance provider name and engagement period
Sustainalytics, July 4, 2025 ASSURANCE 2025
Pre-issuance or post-issuance verification type
Post-issuance review ASSURANCE 2025
Assurance scope
Use of proceeds criteria compliance, project selection criteria, framework reporting commitments ASSURANCE 2025

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligns with four core components of Green Bond Principles 2021 SPO 2023
Alignment with UN Sustainable Development Goals
SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) SPO 2023
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Aligns with Green Loan Principles 2021 SPO 2021

Issuance Details

Years of green bond issuance history
6 sustainability debt instruments issued between January 2022 and December 2024 ASSURANCE 2025

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name
2021 Aareal Bank Green Finance Framework - Liabilities
2023 Aareal Green Finance Framework
Bond types covered under framework
2021 Green bonds and green loans
2023 Green bonds
SPO assessment date
2021 August 6, 2021
2023 October 19, 2023
Alignment with ICMA Green Bond Principles
2021 Green Bond Principles 2021
2023 Aligned with Green Bond Principles 2021
Eligible use-of-proceeds categories
2021 Green Buildings and Energy Efficiency Upgrades
2023 Green Properties and Energy Efficiency Upgrade
2025 Green Buildings
Assurance scope
2021 Use of proceeds alignment, project selection process, risk management systems, framework alignment with Green Bond and Loan Principles
2025 Use of proceeds criteria and reporting compliance; project allocation and reporting