KfW announces €1 billion green bond portfolio; funding to begin in Q2

By Lisa Kerner

Charlotte, N.C., April 9 – KfW introduced a €1 billion green bond portfolio, with investments slated to begin in the second quarter of 2015.

"The green bond market is an alternative capital market-based source of financing for environmental and climate protection measures that calls for expansion,” said Dr. Gunther Braunig, member of the executive board of KfW Group in charge of capital markets.

“The green bond portfolio is our way of making another contribution to environmental and climate protection, in addition to our credit activities and our own green bond issues,” Braunig said.

In addition to being involved as an investor, KfW “intends to promote the quality-based development of the green bonds market,” according to a news release.

“By purchasing green bonds, KfW will help finance suitable climate and environmental protection projects, for instance in the fields of resource efficiency, renewable energies, waste management, (waste) water management, biodiversity and non-polluting transport systems,” said Federal Environment minister Barbara Hendricks.

In July 2014, KfW issued its first “Green Bonds – Made by KfW.”

The German government-owned development bank is based in Frankfurt.

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