Green Bond Fact Sheet

Zürcher Kantonalbank

Date: 10-May-2018

Issue date: 08-May-2018/09-May-2018 Maturity date: 08-May-2025 Tenor: 7
Issuer Name

Zürcher Kantonalbank

Amount Issued

CHF210m (USD209.4m) andCHF115m(USD114.7m)

Country of risk

Switzerland

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

ISS-oekom

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

GB1 (Moody’s)☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☒ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The issuer will publish on its website an annual Green Bond report which will include impact
reporting.

Company information

Zürcher Kantonalbank is the largest cantonal bank and fourth largest bank inSwitzerland.

Firsts, records andcertificationsFirst Swiss bank to issue green bonds.

Proceeds description

Proceeds will be allocated to a portfolio of green loans for energy efficientbuildings made up of private mortgage loans (61%), commercial real estate (25%)
and housing cooperatives (14%). To be eligible, new buildings must have obtained
a Minergie certificate, a 2000-Watt Area certificate, or at least an “A” in the Swissenergy performance certificate GEAK. Refurbished buildings must have obtained aMinergie certificate for refurbishments, a GEAK Plus energy efficiency class “C”, ormeasures to improve energy efficiency. Moody’s GBA notes that 90% of loans
qualify under the Minergie standards and that buildings with a 2000-Watt Areacertificate have not yet been included in the green pool.

Climate Bonds view

The Minergie certification scheme is based on reaching a threshold level in its
three performance criteria: energy efficiency, materials and comfort. This ensuresa high link between certificate level and energy efficiency of the building. The GEAK
standard is the official Swiss building energy certificate, which reflects theefficiency of the building’s envelope and energy usage. The certificate’s classes gofrom “A” to “G”, where “A” is the most efficient.

Underwriters

Cantonal Bank of Zurich

Deal commentsCredit Rating

AAA (Fitch), Aaa (Moody’s), AAA (S&P)

Pricing summary

The deal priced at mid swap -1 basis points. (source)

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign