Invest in the Future. Transform it now. slide image

Invest in the Future. Transform it now.

KfW applies minimum criteria on its green bond investments Key portfolio guidelines and minimum requirements Key Portfolio Guidelines Asset classes Government bonds, SSAs, financials, covered bonds, ABS. + "Green Assessment": Minimum Requirements Prior to each investment decision, KfW evaluates Green Bonds by applying the following minimum criteria • Clear description of projects to be financed (including goals and projected impacts), Competent project selection and fully transparent process of management of proceeds, Regular public allocation and impact reporting • Issuer rating An ivestment grade rating mandatory. Currencies Primarily EUR but various other currencies possible KFW Invest in the Future. Transform it now. / November 2023 • External Review/SPO In addition, KfW increasingly includes the climate action and sustainability focus of the issuers themselves in its investment decisions. Taking into account the Green Bond Principles and current market developments, KfW is continuously advancing its minimum requirements. The Green Bond Principles 43 3
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