Porsche Cements Funding for Battery-Powered Vehicle with “Green” Investors

The new Taycan

• priced at $100,000
• battery-powered
• challenger to Tesla’s Model S

Green vs ESG (Environmental, Social, Governance) Funding

Green financing can only be used for defined projects with environmental benefits. ESG financing has no restrictions on use of proceeds.

Why Green & not ESG?

Porsche sought standardization for clearer objectives and transparency which was available via Green financing.  

Green financing enables the company to tap funds with a dedicated sustainability focus and provide an alternative path for investors that were over-exposed to the auto industry.

Business Standard | Porsche to lean on green financing for its $6.6 billion electric-car plan