KfW doubles green bond portfolio

Frankfurt am Main (ots) -

- Target volume of promotional green bond portfolio increased to
EUR 2 billion
- KfW continues to actively support sound market development
- Federal Ministry for the Environment backs KfW's activities as
green bond investor

KfW amplifies its green bond investment activities. Since 2015,
KfW has been building up a dedicated green bond portfolio backed by a
promotional mandate from the German Federal Ministry for the
Environment. As the portfolio is growing faster than initially
planned, KfW now doubles the target volume from EUR 1 billion to EUR
2 billion with an investment horizon of 3 to 5 years. Moreover, KfW
will keep actively contributing to the further establishment of high
quality market standards. The Ministry for the Environment supports
KfW's continued efforts as a green bond investor and extents its
promotional mandate accordingly.

Jochen Flasbarth, State Secretary at the Ministry for the
Environment: "The green bond market enables the financing of climate
and environmental protection through private capital. This is
essential to the fight against climate change and to the
establishment of a resource-efficient economy. The transition towards
a low-carbon society and the financing of sustainable infrastructure
cannot be achieved by public funds alone."

Dr Günther Bräunig, Member of the Executive Board of KfW in charge
of Capital Markets: "We are pleased by the positive response to our
engagement in the green bond market. KfW is recognised as an
important investor and our feedback is welcomed by market
participants. However, the quantitative and qualitative market
development is not yet completed. We therefore continue our
engagement in the green bond market and further support its
development through investments and initiative."

KfW has been promoting climate and environmental protection by
purchasing green bonds since April 2015. Through its investment
activities, KfW employs a capital market-based instrument to provide
financing for environmental and climate protection measures. In
addition, KfW engages in an active dialogue with various market
participants, being a sounding board for green bond issuers and
parties active in the market like audit firms, rating agencies,
sustainability rating agencies and other stakeholders. Furthermore,
KfW stands up for the development of sound practices in market
initiatives. For example, KfW is member of the Executive Committee
and in working groups of the internationally renowned Green Bond
Principles, voluntary guidelines for the issuance of green bonds
developed by market participants. An update of the Green Bond
Principles is scheduled for June.

Further information on KfW's green bond portfolio is available at
http://ots.de/gM1U7

Contact:
KfW, Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM) Nathalie Cahn
Tel. +49 (0)69 7431 2098, Fax: +49 (0)69 7431 3266,
E-Mail: Nathalie.Cahn@kfw.de, Internet: www.kfw.de

Original-Content von: KfW, übermittelt durch news aktuell