Green Bond Fact Sheet

Porsche AG issued a EUR1bn/USD1.12bn green bond on August 12, 2019, to finance the development and manufacture of the Porsche Taycan, its first fully electric sports car. Certified under the Climate Bonds Standard v2.1 for Low Carbon Transport, this is the first certified issuance from a car manufacturer. The bond supports Porsche's broader goal of investing over EUR6bn by 2022 in hybrid and electric vehicles and charging infrastructure, with a commitment to eventually operate the Taycan's manufacturing plant near Stuttgart, Germany, on a zero carbon basis.

• Porsche AG issued a green bond of EUR1bn (USD1.12bn) on 12-08-2019 with tenors up to 10 years. The bond is a Schuldschein type and is certified under the Climate Bonds Standard v2.1, specifically meeting sector-specific criteria for Low Carbon Transport.
• The proceeds from the bond are designated to finance and refinance investments in the development and manufacture of the Porsche Taycan, which is Porsche AG's first fully electric sports car. Production for this model is based near Stuttgart, Germany.
• This issuance represents the first Certified issuance from a car manufacturer, distinguishing it from previous green bonds issued by other manufacturers such as Toyota.
• Porsche AG has committed to investing over EUR6bn (USD7.5bn) by 2022 into the manufacture and development of fully electric and hybrid cars, including smart electric mobility, charging infrastructure, and new manufacturing facilities. The company also stated that the factory producing the Taycan will eventually operate on a zero carbon basis.
• Reporting on the bond will include annual reports for bondholders regarding the allocation of proceeds until they are fully allocated, as well as an impact report estimating emissions savings for the specific car model.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-08_DE_Porsche_AG.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2019-08_DE_Porsche_AG.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=6 February 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2019-08_DE_Porsche_AG.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/2019-08_DE_Porsche_AG.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }