---
id: 7044
title: "Kommunalkredit Austria AG: Best ESG Infrastructure Finance Europe 2019"
award_year: 2019
published: 2019-12-13 13:21:10
published_gmt: 2019-12-13 13:21:10
author: "CFI.co Editorial"
url: "https://cfi.co/awards/europe/2019/kommunalkredit-austria-ag-best-esg-infrastructure-finance-europe-2019/"
categories: ["Europe", "Finance", "Industries"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20200915183448
wayback_snapshot_url: "http://web.archive.org/web/20200915183448/https://cfi.co/awards/europe/2019/kommunalkredit-austria-ag-best-esg-infrastructure-finance-europe-2019/"
license: CFI-OAAL-1.0
content_sha256: ca81444f0c2ba0d74dedded2f89a11ef1fc8a62cf1d2125a5477ccc24f84b194
canonical: 7044-kommunalkredit-austria-ag-best-esg-infrastructure-finance-europe-2019.json
---
# Kommunalkredit Austria AG: Best ESG Infrastructure Finance Europe 2019
> Verbatim archived copy. Canonical machine record: `7044-kommunalkredit-austria-ag-best-esg-infrastructure-finance-europe-2019.json`.
The focus of Kommunalkredit Austria’s business model is reflected in its mission statement, which promises sustainable success for projects in the areas of energy, environment, social infrastructure, communications technology, and transport. Founded in 1958 and privatised in 2015, the specialist bank has modernised its infrastructure policy through a process of continuous innovation and evolution. Kommunalkredit connects project developers and infrastructure operators with institutional investors seeking long-term asset classes with reliable cash flows. The bank pursues a three-pronged approach to address social, environmental, and economic issues. It evaluates those same criteria to determine the sustainability impact of financed projects during each credit application process. It keeps a pulse on social concerns by attending town hall meetings, sponsoring events, and maintaining open dialogue through a network of channels. It has developed an environmental management system that guides everything from waste disposal to business travel. Over 70 percent of Kommunalkredit energy consumption is now fuelled by renewable resources. Through its subsidiary Kommunalkredit Public Consulting (KPC), it provides advisory and management services for every stage of an infrastructure project. KPC also offers the Climate Austria product, which has offset about 240,000 tons of CO2 over the past 10 years. The bank demonstrates good corporate citizenship and advances climate change action. The CFI.co judging panel confirms Kommunalkredit Austria AG as the 2019 Best ESG Infrastructure Finance (Europe) award winner.