Financing Green Projects Financing Green Projects


Commerzbank has recently assisted a number of green and social bonds as lead manager. Issuers are supported in the preparation, structuring and placement of the appropriate transactions in the international capital market. Green bonds are bonds, of which the proceeds explicitly serve sustainable projects. For example, these include sustainable projects in the field of renewable energies, sustainable waste management, energy efficiency and clean mobility solutions.

The term “Green Bond” is not protected, which in the past has led to very different projects and instruments being named and marketed as “green”. In order to implement standards, increase transparency and thereby improve the integrity of the green bonds market, the green bond principles were formulated in 2014. As a voluntary standard, the principles serve as guidelines for the issuance process of green bonds. Commerzbank is member of the green bond principles since mid-2014 and is actively engaged in the further development of this market segment.

Commerzbank supports its customers in preparing for and issuing bonds in areas of renewable energy and energy efficiency. In 2019, Commerzbank assisted in the issuing of green bonds als lead arranger worth 12 billion euros.

Commerzbank issues own green bonds
Commerzbank issued its first own Green Bond on the capital market in October, 2018, followed by the second oin September, 2020. Both were worth 500 million euros, with a maturity of 5 years. Both Green Bonds met with great investor interest. Emissions in 2020 were even 8 times subscribed. In both cases, Commerzbank received the Second Party Opinion from the sustainability rating agency Sustainalytics. It confirms that the bonds meet the requirements of the current Green Bond Principles. With the proceeds, the bank is refunding renewable energy projects for onshore and offshore wind projects and solar projects in Germany, other European countries as well as North and South America.