DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Sustainability/Research Update
oekom research confirms the ProCredit group's PRIME status in the area of Sustainable Finance
- Corporate Rating update brings ProCredit Holding into circle of Industry Leaders in sustainable finance in the oekom Universe
- Products and services particularly eligible from ecological and social viewpoint
- Special sustainability standards in lending business
Frankfurt am Main, 29 November 2017
Following an update issued by sustainability rating agency oekom research AG (oekom), ProCredit Holding AG & Co KGaA has been awarded a rating of "B-". The previous rating has been upgraded by two points, further confirming the group's existing Prime status. At the time of this evaluation, therefore, ProCredit Holding was one of the three best placed companies (i.e. Industry Leaders) in the Sustainable Finance segment.
ProCredit's sustainability approach is backed up by a group-wide strategy. Borislav Kostadinov, Member of the Management Board of ProCredit General Partner AG (sole liable managing entity of ProCredit Holding AG & Co. KGaA), said: "We welcome this upgrade in our rating as we believe that it reflects our continuing efforts to improve our environmental management system further."
As at 30 September 2017, the ProCredit banks' total Green Loan Portfolio - i.e. loans specifically disbursed to support environmentally responsible projects - amounted to EUR 428.4 million (9/2016: EUR 295.9 million). This equated to a share of 11.3% of the total loan portfolio (9/2016: 8.3%).
oekom research AG is one of the world's leading rating agencies in the area of sustainable investment. Since 1993, it has actively helped to shape the sustainable investment market. The oekom Research Universe comprises more than 3,800 companies which have been rated by the agency.
A summarised version of the Corporate Rating Report is now available in English on the ProCredit Holding website under Investor Relations at http://www.procredit-holding.com/en/investor-relations/reports-publications.html.
ProCredit Holding AG & Co. KGaA
29.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||ProCredit Holding AG & Co. KGaA|
|60486 Frankfurt am Main|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|