Talanx has invested more than EUR 60 million in the purchase of 28 new, passenger-friendly trams for Rostock’s local public transport authority.
By making this investment, we are helping to ensure efficient, emissions-saving local transport and assisting with the transition to sustainable transport. The new trams, which will be deployed in Rostock from 2025 onwards, will run solely on green electricity and will hence be carbon-free. They were financed by a syndicate in which we were the largest investor. Such projects underscore our sustainable and responsible investment policy in line with ESG criteria.
Our Group is increasingly investing in projects that are combating climate change. These include investments in sustainable infrastructure projects such as wind farms and solar farms, power grids, digital infrastructure and transport infrastructure. Our Group has built up substantial expertise in these areas in recent years and has a specialised unit investing directly in selected projects, supplying both equity and debt.
Talanx’s infrastructure project had a volume of EUR 3.2 billion as at the end of financial year 2022. EUR 1.5 billion of this figure was attributable to renewable energy generation. Our original goal was to increase our sustainable investment volume to EUR 8 billion by 2025. We had already achieved this at the end of 2022. 
 The amount may change due to changes in interest rates and durations. The target was reached for the first time in mid-December 2022, but the figure as at the 31 December reporting date had dipped slightly below it.