As a bank for all Hamburg residents, our lending includes loans for projects with a social or environmental purpose. To refinance these loans, Haspa issued its first Social Bond in February 2025 and its first Green Pfandbrief in February 2026. By issuing Social and Green Bonds, we give investors the opportunity to participate in refinancing loans in the eligible categories described on this page, in the City of Hamburg and the Hamburg Metropolitan Region.
Each issuance is based on a dedicated framework developed on the basis of the ICMA Social Bond Principles and the ICMA Green Bond Principles, respectively. These frameworks set out which financings are eligible, how the proceeds are managed and what we report on. The frameworks and the related reports are available in the download section.
Outstanding ESG-Bonds
| Category | Size | Valuta | Maturity | Rank | ISIN |
|---|---|---|---|---|---|
| Social | € 500 mn | 17.02.2025 | 17.02.2031 | Senior Preferred | DE000A4DFCU7 |
| Green | € 500 mn | 10.02.2026 | 10.02.2033 | Mortgage Pfandbrief | DE000A460FN8 |
Our Social Bonds
Haspa contributes to the financing of social purposes with its own loan funds and by arranging development loans. As such, funds flow into areas such as education and childcare, basic infrastructure, social affairs and health, as well as the creation of affordable housing.The social financing activities listed in the Social Bond Framework are an integral part of Haspa’s strategy, making the Social Bond a logical next step towards a holistic value chain. By issuing Social Bonds, Haspa will enable investors to support its strategic ambition of providing financing dedicated to key social challenges in the city of Hamburg and the metropolitan area.
| Category | What we finance |
|---|---|
Affordable Basic Infrastructure | Affordable electricity networks, the municipal sewerage system, emergency services (fire brigades and police) and public transportation, established and operated by public counterparties |
Socioeconomic
| Refugee homes and refugee assistance programmes, assistance facilities for homeless persons, programmes aiming at the inclusion of persons with disabilities, and non-profit sports clubs |
Healthcare | Construction, renovation or acquisition of, and investments in, healthcare facilities (including hospitals and medical, dental and rehabilitation centres), care facilities for elderly, ill or disabled people, and SMEs active in the healthcare sector |
Affordable
| Housing cooperatives, municipal housing with an average rent below the average rent in the city or reserved for tenants with incomes below the thresholds defined by the Federal State of Hamburg |
Education
| Child day-care facilities and kindergartens, schools and higher education facilities and SMEs active in the education sector, such as language schools |
Haspa Social Bond Framework 2025, Section 3.1
UN Sustainable Development Goals (SDGs) (The assignment of the eligible categories to the UN Sustainable Development Goals has been made by Haspa on the basis of its framework.)
Lending in these categories is part of Haspa's business strategy. Our Social Bonds refinance this lending and give investors the opportunity to participate in financing projects in the eligible categories in the City of Hamburg and the HamburgMetropolitan Region.
Our Social Bond Framework of February 2025 was reviewed by ISS Corporate Solutions as an external reviewer and assessed as aligned with the ICMA Social Bond Principles.
According to the methodology of ISS Corporate Solutions, 20 out of 21 financing categories within the framework contribute to the assigned UN Sustainable Development Goals. For one criterion in the "Affordable Basic Infrastructure" category (affordable electricity networks), the assessment does not identify a net impact. The Second Party Opinion is available in the download section.
Haspa reports annually on the allocation of proceeds and on impact indicators in accordance with its framework. The report can be found in the download section.
Our Green Bonds
By granting our own loans and arranging subsidised loans, we finance energy-efficient buildings in Germany or measures designed to improve energy efficiency. These projects must meet the criteria of the following eligible categories set out in our Green Bond Framework.
Category | What we finance and the applicable eligibility thresholds |
|---|---|
| Building construction: Primary Energy Demand (PED) at least 10% lower than the threshold set for nearly zero-energy building (NZEB) requirements in national measures, verified by an energy performance certificate |
| Building renovation: reduction of at least 30% in final energy demand/consumption or primary energy demand, demonstrated by energy performance certificates issued in accordance with the GEG before and after the renovation, or compliance with the applicable requirements for major renovations of the GEG | |
| Acquisition of existing buildings: Built before 31 December 2020: Energy Performance Certificate of at least class A, within the top 15% of the national or regional building stock in terms of final energy demand/consumption or primary energy demand, or certification LEED "Gold" or better, BREEAM "Very Good" with a minimum score of 70% in the Energy section or better, or DGNB "Gold" or better Built after 31 December 2020: Primary Energy Demand (PED) at least 10% lower than the NZEB threshold in national measures, verified by an energy performance certificate | |
| Individual renovation measures: Installation, maintenance and repair of energy efficiency equipment, charging stations for electric vehicles, instruments and devices for measuring, regulating and controlling the energy performance of buildings and renewable energy technologies | |
Renewableenergy
| Electricity generation from wind power and solar energy (photovoltaic and CSP), transmission and distribution of electricity, transmission and distribution networks for renewable and low-carbon gases, storage of electricity and thermal energy, and district heating/cooling networks |
Green Bond Framework 2025, Section 3.3
UN SustainableDevelopment Goals (SDGs)
(The assignment of the eligible categories to the UN Sustainable Development Goals has been made by Haspa on the basis of its framework.)
These financings form the basis of our Green Bonds. By issuing Green Bonds, we give investors the opportunity to participate in refinancing these loans in Hamburg and the Metropolitan Region.
Our Green Bond Framework of November 2025 was reviewed by ISS Corporate Solutions as an external reviewer and assessed as aligned overall with the ICMA Green Bond Principles. According to the ISS Corporate Solutions methodology, all financing categories contribute to the SDGs assigned to them. The Second Party Opinion is available in the download section.
Haspa reports annually on the allocation of proceeds and on impact indicators in accordance with its framework.
Downloads
At the following link you can find the frameworks, external verification, and reporting for green and social bonds
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