KfW Bankengruppe

SECTOR Agency
RATINGS  AAA/Aaa/AAA (S&P/Moody's/Scope)
RATING OUTLOOK All stable
TOTAL EQUITY (31 DEC 2019) €31.4BN 
FUNDING VOLUME 2019/20  €80.6BN/€65BN 
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, Level 1, 0% 
REPO ELIGIBILITY 

ECB, BoE, US Fed, ECB QE, RBA, RBNZ
About KfW Bankengruppe

As Germany’s flagship development agency, KfW Bankengruppe aims for sustainable improvement of the economic, social and ecological conditions of people’s lives. KfW conducts its business in the following areas:
• SME bank and private clients.
• Customised finance and public clients.
• KfW Capital invests in German and European venture-capital and venture-debt funds.
• Export and project finance: KfW IPEX-Bank.
• Promotion of developing countries and emerging economies: KfW Development Bank and DEG.
• Financial markets.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Promoting sustainable capital markets by boosting sustainable investments.

GSS BOND PROGRAMME Green Bonds – Made by KfW 
REFERENCE TAXONOMY FOR THE USE OF PROCEEDS Green Bond Principles 
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED Green Bond Principles 
EXTERNAL REVIEW PROVIDER  CICERO Shades of Green (medium green) 

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE (all unsolicited)
ISS-ESG
MSCI
Sustainalytics
imug* 		 Prime (C+)
AAA
Negligible risk
Positive (BB) 

*One of the leading sustainability rating agencies in Germany and specialist for customised environmental, social and governance research

Sustainable funding strategy

KfW is one of largest issuers worldwide and enjoys an excellent reputation for its reliable market approach. In 2014, KfW began issuing green bonds and has since become one of the leading supporters of this market segment. “Green Bonds – Made by KfW” offer investors the opportunity to combine the security and liquidity typical of KfW bonds with promoting environmental protection and climate-change mitigation.

As a pioneer in the market, it is KfW’s goal to continue to reinforce the green market environment and attract sustainability-orientated investors. All projects financed or cofinanced by KfW’s green bonds have the common goal of making a quantifiable contribution to climate protection through renewable energy and residential building efficiency.

FOR FURTHER INFORMATION PLEASE CONTACT:

INVESTOR RELATIONS
+49 69 7431 2222 • This email address is being protected from spambots. You need JavaScript enabled to view it.

CAPITAL MARKETS
Petra Wehlert +49 69 7431 4650
Otto Weyhausen-Brinkmann +49 69 7431 4652
Juergen Koestner +49 69 7431 3536
www.kfw.de  • www.kfw.de/investor-relations