The ZF Green Finance Framework summarizes the principles according to which ZF is using green financing instruments. The framework was evaluated by ISS-Corporate and applies to green bonds, green bonded loans, green loans and any other debt instruments, aimed at financing and / or refinancing eligible green projects as defined in the ZF Green Finance Framework. The proceeds will only be used to finance projects that contribute to a lower-emission and more climate-friendly economy. The structure of the ZF Green Finance Framework follows both ICMA’s 2021 Green Bond Principles and LMA’s 2023 Green Loan Principles. ING acted as a consultant for the structuring of the ZF Green Finance Framework.
Why does ZF use sustainable financing instruments?
Sustainability is an integral part of the corporate strategy and climate neutrality by 2040 is one of the key indicators. Sustainable financing offers new financing options for projects that contribute to a lower-emission and climate-friendly economy. This is a logical step in accelerating the transformation of the industry and also offers new opportunities for investors.
Michael Frick, Chief Financial Officer (CFO)
ISS-Corporate has reviewed the Eligible Projects, as well as the alignment of ZF’s Green Framework with ICMA’s 2021 Green Bond Principles, and LMA’s 2023 Green Loan Principles. ZF has opted for a Second Party Opinion (SPO) which includes considerations of EU Taxonomy alignment of the Eligible Green Project Portfolio at the date of publication of this Framework.
ZF will submit an annual Green Finance Report in order to provide investors and the public with transparent information about the allocated proceeds and the climate effects of the financed projects.
Please note that you will be redirected to a KPMG website to view/download the Green Finance Report 2025, as this requires you to acknowledge and confirm a disclaimer from KPMG.
Charbel Chamoun
Head of Financing, Finance Controlling and Investor Relations ZF Group
+49 7541 77-969305
Download
Annual Report 2024 as PDF
Strengthening our strengths and unlocking our potential – ZF plans to continue developing globally as a high-performing and sustainable company with a portfolio focused on profitable growth. More details as well as facts and figures on the 2024 annual financial statements can be downloaded here as a PDF file.