The emission of green (covered) bonds to finance green investments 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 assets within the W&W Group (e.g. the selection criteria for green assets or the usage of 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.
Information on our debt issuance programmes:
Wüstenrot & Württembergische AG
Wüstenrot Bausparkasse AG
Responsible capital investment
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. As W&W Group, we want to continuously reduce the CO2 emissions of our investments. In the process, we generate the funds required to finance energy-efficient properties and renewable energies by issuing green bonds and green "Pfandbriefe" (= 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 all investors transparency regarding their green bonds at time of issue and throughout their term, W&W publishes individual investor reports on 31 December each year. This report is supplemented by an allocation (utilisation of proceeds) and impact (environmental effects) 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 shareholder value
High relevance and demand in the business areas served, together with our low-risk business model, ensure solid key figures, sustainable profits, 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
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 RatingsSubordinate Fixed to Floating Rate Notes 2021: 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 |
Weitere Ratings |
|---|---|---|
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juli 2025 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2025 | Weitere RatingsRating Senior Preferred Issue Wüstenrot April 2025 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s Juni 2024 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2024 | Weitere RatingsRating Covered Bond Program Wüstenrot February 2025 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s September 2023 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2023 | Weitere RatingsRating Covered Bond Program Wüstenrot March 2024 |
| Wüstenrot & Württembergische AGRating W&W Standard & Poor’s September 2022 | Wüstenrot Bausparkasse AGRating Wüstenrot Standard & Poor’s September 2022 | Weitere RatingsRating Covered Bond Program Wüstenrot April 2023 |