Our Green Project Portfolio comprises investments in energy efficiency, clean energy, water management, waste management, sustainable living, environmental services and sustainable public transport.
At 31 December 2013, the GPP comprised 261 loans across 25 countries in which we invest, totalling €5.1 billion of which €2.6 billion was drawn down. The average tenor of the projects was 11.9 years and the average remaining life was 9.2 years.
The Bank limits the total amount of Environmental Sustainability Bonds to no more than 70 per cent of the value of the Green Project Portfolio. This limit ensures that all of the proceeds of these bonds are directed to supporting our GPP.