Foundation draws positive annual balance / DBU improves investment income
and increases funding
Osnabrck (ots) – The German Federal Foundation for the Environment (DBU) has its balance sheet for 2021
submitted: In a difficult capital market environment, the DBU was able to increase its earnings
from the investment to 114.6 million and thus by more than 50 percent in
compared to the previous year (73.6 million euros). The funding amount increased to
sixth time in a row to 59.8 million euros (2020: 58.3 million euros). That
Foundation capital increased by 60 million euros to 2.39 billion
Euro, the DBU said today (Monday) in Osnabrck during the digital
Annual Press Conference (JPK) with.
The situation on the capital market is characterized by crises. “Despite all the challenges
we continue to keep our subsidies at a stable level and invest
annually between 55 and 60 million euros for innovative, exemplary and
Solution-oriented projects to protect the environment,” says DBU General Secretary
Alexander Bonde. “We remain a reliable sponsor,
especially for companies from the medium-sized economy.” After the
Words from DBU department head and head of asset management Michael Dittrich
did the economy feel good about the consequences of the corona pandemic last year
coped with. This supported earnings. “The prospects are different at the moment
in the capital markets but by the supply chain problems and the war in the
Ukraine clearly clouded over and we see a rapid rise in inflation,
which impairs our performance”, said the DBU finance director
Foundation was able to increase its investment income by more than 50 percent in 2021
increase compared to the previous year – from 73.6 (2020) to 114.6 million euros
(2021). In addition, 293 projects were funded with a total of 59.8 million euros
supported (2020: 282 projects with 58.3 million euros). The endowment capital
rose from 2.33 to 2.39 billion euros.
DBU achieves stable returns with capital investments from wind and solar energy
In 2021, the DBU expanded its commitment to sustainable investments.
Dittrich: “The investments in bonds to finance sustainable
Projects, called green bonds, were worth 160 million last year
EUR increased.” In 2020 they were 100 million euros
According to Dittrich, the generation of renewable energies is counterproductive
effects given. The earnings from wind energy are below expectations
lagged behind, while “the solar systems achieved significantly higher yields
than was forecast,” says Dittrich. We are currently in this area
100 million euros invested (2020: 80 million euros). “Overall, they deliver
Plants with a mixture of wind and solar energy are not particularly
high, but stable returns, and we plan to continue these commitments
to expand”, says the DBU finance director. A positive side effect is that “we
these plants saved around 47,000 tons of carbon dioxide (CO2) in 2021″,
says Dittrich, who joined the new Sustainable Finance Advisory Board in June
federal government was appointed. The DBU already has the topic of sustainability
firmly anchored in their investment guidelines since 2005.
High inflation affects the purchasing power of the endowment capital
In order to maintain the efficiency of the foundation, it is important
Encouragement to build up a reserve in the amount of the inflation rate. In the past
year this is with a reserve of 60 million euros with an inflation rate
of 3.1 percent was still almost successful. Unfortunately, the
Fears from the past year confirmed that inflation
contrary to the expectations of the European Central Bank, not declining
developed. The opposite is the case. Experts expect one for 2022
Inflation rate of six to eight percent. “The purchasing power of
Capital like butter in the sun,” says Dittrich. “This affects everyone
Capital collecting points such as foundations, life insurance companies, pension funds and
private savings too.” Such high inflation rates could be due to reserves
can no longer be caught. “The interest rate level is only just beginning to deviate from
to move up the zero line,” said the DBU chief financial officer. “We have fr
such situations formed reserves, but if inflation continues so high
stays or even continues to increase, we become the real, i.e. adjusted for purchasing power
Foundation capital cannot be maintained permanently.”
According to Dittrich, the foundation invests more than 80 percent of its capital in the
capital markets; in addition to interest-bearing securities, the proportion of shares is
around 30 percent based on market values. According to him, around nine percent are in
Real estate and plants for the generation of renewable energies have been invested. In
In its now more than 30-year history, the DBU has up to
Balance sheet date (December 31, 2021) more than 10,500 projects with around 1.93 billion
funded.
Note: The DBU-JPK 2022 also at https://www.dbu.de/@YoutubeJahresPK2022
Press contact:
Klaus Jongebloed
– Spokesman –
Kerstin Heemann
Leah Kessens
Contact DBU
At the Bornau 2
49090 Osnabrück
0541|9633-521
0171|3812888
mailto:[email protected]
http://www.dbu.de
Further material: http://presseportal.de/pm/6908/5264264
OTS: German Federal Foundation for the Environment (DBU)