Green Bond Fact SheetDZ Bank
Issue date: 02-Oct-2018 Maturity date: 02-Oct-2023 Tenor: 5Date: 15-Oct-2018

Issuer Name

DZ BankAmount Issued

EUR250m (USD289m)

Country of risk

Germany

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Senior Unsecured

Green Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

E1/85 (S&P Global Ratings)☒ Energy☐ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy
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 emissionvehicles☐ 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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control

Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture

Afforestation/parks
FSC Forestry
FSC Cellulose &paper☐ Other

Adaptation &resilience☐ Land remediation☐ Energy/water efficiency

ICT☐ Sustainable agriculture☐ Adaptation & resilience

Industry: process

Issue details
ReportingCompany information

The issuer is committed to publishing an annual report comprising proceed
allocations and impacts of the financed projects. An initial green bond investor
report has been published on the debut deals’ issuance date.
DZ BANK AG is part of the cooperative financial services network, which comprisesof more than 900 cooperative banks and is, by total assets, one of the largest
private financial services institutions in Germany.

Firsts, records andcertifications
Proceeds description

Proceeds will be earmarked to finance onshore wind energy production located inGermany. Eligible assets primarily include green loans granted by DZ Bank to fundexisting and new wind energy production. Market green bonds – or green bonds
issued by other issuers that are aligned with the Green Bond Principles, haveobtained an external review and allocate proceeds to wind projects – are also
eligible.
The issuer released their first green bond investor report stating that as of July
2018 eligible green assets are exclusively made up of green loans and that 100% of
the deal’s proceeds have been allocated. The report also includes anenvironmental impact analysis of the green asset pool covering year 2017. Metrics
include installed capacity (MW), annual renewable generation (MWh) and annual
global GHG emissions avoided (tCo2e).

Climate Bonds view

The issuer has demonstrated a high commitment to transparency by publishing its
first allocation and impact report at issuance. We look forward to seeing futurereports disclosing the environmental impact of green bond proceeds. As no“market green bonds” are part of the eligible green asset pool yet, there is no riskof double counting.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

AA- (S&P), AA- (Fitch), Aa1 (Moody’s)1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government,
non-financial corporate, sovereign