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.
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.
Vice President Financing, Finance Controlling, Investor Relations
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.
