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Sustainable Finance @ ZF Sustainable Finance @ ZF
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Sustainable Finance

Next Generation Sustainability

With our strategy we strive to deliver a clean and safe mobility that is automated, comfortable and affordable for everyone, everywhere. Our commitment towards sustainability is anchored in ZF’s strategy, with climate neutrality by 2040 being one of the strategic KPIs.

"We are actively connecting our financing with the sustainability strategy to finance investments towards the future of mobility. You as investor can actively participate in ZF’s sustainability strategy and contribute to a more climate-friendly and lower-emission economy."

Michael Frick

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)
ZF Green Finance Framework

The ZF Green Finance Framework summarizes the principles according to which ZF will use green financing instruments in the future. The framework was evaluated by ISS-ESG 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 the ICMA Green Bond Principles 2018 and the LMA Green Loan Principles 2020. ZF will apply best practices in relation to green bonds and green loans in line with evolving market standards and the entry into force of the EU classification of environmentally sound economic activities (taxonomy) and the EU Green Bond Standard. ING acted as a consultant for the structuring of the ZF Green Finance Framework.

Second Party Opinion incl. EU Taxonomy Alignment

The ZF Green Finance Framework and its EU Taxonomy Alignment on the current asset pool was reviewed by ISS-ESG with a positive result. In addition, ISS-ESG acknowledges ZF a good sustainability performance against peers on key ESG issues faced by the ‘Auto Components’ sector and gives ZF a Decile Rank relative to industry group of 1, given that a decile rank of 1 indicates highest relative ESG performance out of 10.

ZF Green Finance Reports

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.

Capital Market Instruments and Rating

An overview of our green bonds and further sustainable financing instruments already issued can be found in our Capital Market Instruments and Rating section.

Capital Market Instruments and Rating

Contact to Investor Relations

Charbel Chamoun

Head of Investor Relations & Rating

+49 7541 77-969305

Alexander König

Vice President Financing, Finance Controlling, Investor Relations


Sustainability is an integral part of ZF Group strategy. Its targets include complete climate neutrality by 2040.

Electric Mobility

The future of mobility is electric. That's why ZF has been working on e-mobility for decades. Today, ZF offers almost everything for electric vehicle drives, from the electric motor to the software.

Wind Power

ZF Wind Power stands for the highest quality at competitive prices and customer proximity around the globe.


Annual Report 2023

ZF is advancing the transformation by picking up the pace and honing the focus. The increasing presence in global growth markets, investments in high yield products and technologies as well as a more efficient organizational structure are top priorities on the agenda. Details on this as well as on all key facts and figures on the 2023 annual accounts you can download here.