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KfW IPEX-Bank’s Green Lending Framework SPO Provided by V.E

V.E, in collaboration with its German partner Imug, has provided a Second Party Opinion (SPO) on KfW IPEX-Bank’s Green Lending Framework. The framework has been designed to grant loans in compliance with KfW IPEX-Bank’s Green Lending Framework to finance projects falling under 8 Green Project Categories namely: Climate change adaptation, Clean transport, Renewable energy, Production of climate protection technology Energy efficiency, Green Buildings, Sustainable water and wastewater management and Environmental protection, resource conservation and reduction of pollution. 

V.E is of the opinion that this Framework is aligned with the four core components of the Green Loan Principles 2021 (“GLP”). We express a robust assurance on the contribution of these loans to sustainability.

The KfW IPEX-Bank is a wholly owned subsidiary of KfW (Kreditanstalt für Wiederaufbaucredit) and since 1 January 2008 acts as a legally independent bank governed by the German Banking Act. Its work focuses on international project and export financing and its headquarter is located in Frankfurt.

V.E has produced more than 380 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Click here to view V.E’s SPO on KfW IPEX-Bank’s Green Lending Framework.



Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody’s Investors Service (MIS) and Moody’s Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at



Moody’s ESG Solutions:

Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000

Media inquiries:

Tim Whatmough
+33 (153) 303-385

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