Green Bond Fact Sheet

This fact sheet details a CHF 200 million green bond issued by BKW Group on July 29, 2019, marking the first utility issuer in Switzerland to do so. The bond, with a maturity date of July 29, 2027, is used to finance renewable energy, energy efficiency, green buildings, and terrestrial biodiversity conservation, with current allocations focused on hydro and wind power plants.

• BKW Group issued a senior unsecured green bond on July 29, 2019, for an amount of CHF 200 million (USD 201.7 million) with a tenor of 8 years and a maturity date of July 29, 2027.
• The bond is the first issued by a utility company in Switzerland. The proceeds are allocated across four categories: Renewable Energy (production, connection, and distribution), Energy Efficiency (smart grid/meters, grid improvements, and storage), Green Buildings (new, existing, or refurbished), and Terrestrial Biodiversity Conservation (land preservation and replacing overhead power lines with underground cables).
• Current allocation of proceeds is focused on wind plants (88%) and small hydro power plants (12%) located in Switzerland, France, and Norway.
• BKW AG, based in Bern, Switzerland, employs approximately 8,000 people and aims for 75% of its production capacity to be renewable by 2023.
• BKW will provide annual reporting on the allocation of net proceeds and impact metrics until the bond matures. This reporting will include descriptions of (re-)financed green projects, aggregated allocation amounts, impact measurement metrics, the proportion of financing versus refinancing, and the balance of unallocated proceeds in cash or cash equivalents.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07%20CH%20BKW%20Group%281%29.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07%20CH%20BKW%20Group%281%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=29 July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07%20CH%20BKW%20Group%281%29.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07%20CH%20BKW%20Group%281%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }