Government-owned bank discloses environmental and social impacts of its financing
KfW
In 2015 and 2016, Germany’s government-owned KfW bank issued nine ‘green bonds’ worth a total of 6.5 billion euros to finance renewable energies, KfW said in its report on the environmental and social impacts of these bonds. With a market share of 61 percent, the Frankfurt-based bank is the largest issuer of such bonds in Germany.
Read the press release in English here, and the report in German here.
For background, read the factsheet Climate finance: A brief overview of Germany’s contributions.
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