Knorr-Bremse publishes inaugural Green Finance Framework

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Miscellaneous/ESG Knorr-Bremse publishes inaugural Green Finance Framework 23.08.2024 / 14:10 CET/CEST The issuer is solely responsible for the content of this announcement. Knorr-Bremse publishes inaugural Green Finance Framework

• Green Finance Framework is a further continuation of Knorr-Bremse’s commitments and efforts to drive its environmental protection and decarbonization ambitions and integrate sustainability into its financing structure

 

• Moody’s Investor Service provided a Second Party Opinion validating the consistency of the framework with International Capital Market Association’s (ICMA) Green Bond Principles and assigning a SQS2 sustainability quality score (very good)

 

Munich, August 23, 2024 – Knorr Bremse AG continues to implement its focus on sustainability within its financing toolbox. The global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems, today published its inaugural Green Finance Framework.

The framework was evaluated by ESG agency Moody’s Investor Service in form of a Second Party Opinion. Moody’s confirms the alignment of Knorr-Bremse’s framework with the ICMA Green Bond Principles (2021) and the significant contribution of the framework to sustainability. The Framework is awarded with an SQS2 sustainability quality score (very good).

Frank Markus Weber, CFO of Knorr-Bremse AG: "With the publication of Knorr-Bremse’s Green Finance Framework, we are continuing our journey in implementing sustainability aspects in our financing structure. The framework will further enhance our sustainability ambitions and support our efforts in sustainable mobility and decarbonizing our own operations."

The framework enables Knorr-Bremse to issue Green Finance Instruments, such as bonds or loans, to finance or refinance eligible projects. It focuses on four categories as set out by ICMA: Clean transportation, renewable energy, energy efficiency, and green buildings. Expenditures that qualify for allocation under the framework must fulfill predefined eligibility criteria, which adhere to the substantial contribution criteria as set out in the EU Taxonomy.