Invest in the Future. Transform it now.
Independent expert opinion by CICERO Shades of Green
External analysis by renowned research institution
*CICERO
°C
Shades of
Green
now a part of
S&P Global
CICERO Shades of Green (Center for Int'l Climate and Environmental Research Oslo/Norway) is an
experienced, research centre recognized as “best external assessment provider". (Environmental finance Bond Awards 2020)
Allocated to projects and solutions that correspond to the long-term vision of a low carbon and climate resilient future
Allocated to projects and solutions that represent steps towards the long-term vision but are not quite there yet.
Allocated to projects and solutions that are climate friendly but do not represent or contribute to the long-term vision.
Framework 2022:
Renewable Energy, Energy Efficiency
& Clean Transportation
In line with ICMA GBP (June 2021)
Shades of Green: medium green
Governance: excellent
Framework 2019:
Renewable Energy &
Energy Efficiency
In line with ICMA GBP (June 2018)
Shades of Green: medium green
Governance: excellent
Framework 2014:
Renewable Energy
Shades of Green: dark green
Governance: excellent
KFW Invest in the Future. Transform it now. / November 2023
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