The emission of green (covered) bonds is issued within the W&W Group as part of the so-called Green Bond Framework. This framework is based on the Green Bond Principles and defines the aspects associated with the issue of green bonds within the W&W Group (e.g. the selection criteria for the usage of the issue proceeds).
W&W Green Bond Framework
Investing sustainable & profitable Our bonds
Information and documentation on bonds in the W&W-Group. For information on our "Transparenzangaben" we refer to our German Homepage since they are not available in English.
The W&W Group as a solid and sustainable investment
By diversifying a portfolio with bonds, the overall financial risk can be reduced. Our bonds offer investors an attractive return and the security of a financially strong and profitable group of companies. Stable and predictable returns through regular interest payments are particularly appreciated by investors who are looking for security and a reliable source of income.
Social and ecological aspects are important components of our investment strategy. The principles governing the consideration of ESG factors are set out in our Responsible Investment Policy. Among other things, the policy defines exclusion criteria for companies and sovereign issuers that are not aligned with our investment principles. We also raise funds for the financing of energy-efficient real estate and renewable energy projects through the issuance of Green Bonds and Green Covered Bonds.
W&W commissioned Sustainalytics to conduct an external review of the Green Bond Principles . They prepared a so-called Second Party Opinion (SPO), which confirms compliance with the Green Bond Principles and the positive impact of the framework on the environment.
External verification of the frameworkIn order to offer transparency to all investors during the issue and throughout the term of the green bonds, each issuer of the W&W (currently only Wüstenrot Bausparkasse) publishes an individual green bond investor report every year. This consists of an allocation (use of proceeds) and an impact (effect on the environment) reporting.
Reasons to invest in W&W
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Value-based business model
Our business model is geared towards stability and sustainability. As a service provider, we address the basic needs of our customers around the life topics housing, wealth, security and the future with holistic advice and comprehensive assistance.
Learn more about our mission -
Attractive stakeholder value
High relevance and demand in the business areas served, together with our low-risk business model, ensure solid key figures, sustainable profits, persistent ratings, stable dividends and a promising upside potential for the share.
View annual report of the W&W Group -
High market presence and customer proximity
Large customer potential, sought-after services and a comprehensive sales channel mix, give us access to millions of customers throughout Germany.
Learn more about our corporate structure -
Connected to the future
We see sustainability as a continuous process that shapes our business activities. We are committed to gradually making our business more environmentally friendly, socially responsible and economically successful.
View investment principles
Ratings
Current ratings assigned by S&P to companies of the W&W-Group.
Financial Strength Rating |
Issuer Credit Rating |
Short-Term Issuer Credit Rating |
Further Ratings |
|
|---|---|---|---|---|
| Wüstenrot & Württembergische AG | Financial Strength RatingBBB+ Outlook stable | Issuer Credit Rating BBB+ Outlook stable |
Short-Term Issuer Credit Rating A-2 |
Further RatingsNachranganleihe 2021: BBB- Nachranganleihe 2025: BBB- |
| Württembergische Versicherung AG | Financial Strength RatingA- Outlook stable | Issuer Credit Rating A- Outlook stable |
Short-Term Issuer Credit Rating- |
Further Ratings- |
| Württembergische Lebensversicherung AG | Financial Strength RatingA- Outlook stable | Issuer Credit RatingA- Outlook stable |
Short-Term Issuer Credit Rating- |
Further Ratings- |
| Wüstenrot Bausparkasse AG | Financial Strength Rating- | Issuer Credit Rating A- Outlook stable |
Short-Term Issuer Credit RatingA-1 |
Further Ratings- |
| Württembergische Lebensversicherung AG | Financial Strength Rating- | Issuer Credit Rating- |
Short-Term Issuer Credit Rating- |
Further RatingsHybridkapitalanleihe: BBB |
| Wüstenrot Bausparkasse AG | Financial Strength Rating- | Issuer Credit Rating- |
Short-Term Issuer Credit Rating- |
Further RatingsHypothekenpfandbriefe: AAA |
| Wüstenrot Bausparkasse AG | Financial Strength Rating- | Issuer Credit Rating- |
Short-Term Issuer Credit Rating- |
Further RatingsSenior Preferred Issue: A- |
| Wüstenrot Bausparkasse AG | Financial Strength Rating- | Issuer Credit Rating- |
Short-Term Issuer Credit Rating- |
Further RatingsNachranganleihe: BBB |
Additional rating documents
Wüstenrot & Württembergische AG |
Wüstenrot Bausparkasse AG |
Additional Ratings |
|---|---|---|
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juli 2026 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2025 | Additional RatingsRating Covered Bond Program Wüstenrot February 2026 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juni 2026 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2024 | Additional RatingsRating Senior Preferred Issue Wüstenrot April 2025 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juli 2025 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2023 | Additional RatingsRating Covered Bond Program Wüstenrot February 2025 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juni 2024 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2022 | Additional RatingsRating Covered Bond Program Wüstenrot March 2024 |