Green Bond Fact Sheet
Porsche AG

Date: 06/02/2020

Issue date: 12-08-2019 Maturity date: Multiple Tenor: up to 10 years
Issuer Name

Porsche AG

Amount Issued

EUR1bn/USD1.12bn

Country of risk

Germany

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond Type

Schuldschein

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Certified under Climate
Bonds Standard v2.1,
including sector-specificcriteria for:

Assurance report

Pre issuance verification

ISS ESGGreen bond rating

N/A☐ 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☐ Energy performance☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience• Low Carbon Transport
Certification Verifier
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

Until the proceeds are fully allocated, annual reports will be made available to bondholders
only. These reports will have details regarding the allocation of proceeds.
An impact report will also be produced, which estimates the emissions savings by using this carmodel.

Company information

Porsche AG is a luxury sports car manufacturer and is part of Volkswagen Group. Porsche AG
has announced its goal of becoming the most sustainable premium sports car manufacturer.
In 2018, it announced that it will invest over EUR6bn (USD7.5bn) by 2022, on the development
and manufacture of hybrid and fully electric cars. These investments will include new
manufacturing facilities and the development of charging infrastructure and smart electric
mobility as well.
Porsche AG has also announced that the factory, which is building this new car model, will
eventually operate on a zero carbon basis.

Firsts, records andcertifications
Proceeds description

Climate Bonds view
Underwriters

This is the first Certified issuance from a car manufacturer. Others, such as Toyota, hadpreviously issued a green bond.
The proceeds will be used to refinance and finance Porsche AG’s previous and future
investments in the development and manufacture of the upcoming Porsche Taycan, which isthe first fully electric sports car to be produced by Porsche AG. This car was recently
announced in August 2019 and will begin production and become available in various markets
in the coming months. The manufacturing plants will be based near Stuttgart, Germany.

This is an exciting green bond that is highly visible in the luxury customer market.
Landesbank Baden-Württemberg, Bayerische Landesbank, ING Bank

Deal comments
Credit Rating
Pricing summary
Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign