The State Government of North Rhine-Westphalia (NRW) advocates for a successful, equitable and future-oriented development in social, environmental and economic terms and therefore bases its actions on sustainability as a guiding principle. As the most populous federal state, NRW demonstrates how to successfully implement change towards sustainable development while maintaining and reinforcing economic and industrial structures.

The sustainability bonds issued by Nordrhein-Westphalen finance a variety of activities and projects, which are all directly connected to the State's sustainability strategy. The majority of proceeds will be allocated to expenditures related to public healthcare and education, including expansion and improvement of healthcare infrastructure in general and Covid-19 related, mental health and addiction programmes. Examples for education range from daycare to university and are intended to increase access to quality education with particular focus also on underserved populations, such as migrants. In addition, the State intends to finance the roll-out of broad band infrastructure, which will enable faster and reliable access to the internet, which has become particularly important as Covid-19 required education and business to use digital infrastructure. The expenditures also include projects and business models that promote awareness, innovation and implementation of technologies and projects that contribute to climate change mitigation, adaptation and nature conservation.

In total, 100.0% of the proceeds of both bonds is aligned with one or more Triodos transitions.
DE000NRW0MY1:
- 41.5% of proceeds is allocated to the Wellbeing transition,
- 37.2% of proceeds is allocated to the Societal transition,
- 16.8% of proceeds is allocated to the Resource transition,
- 4.5% of proceeds is allocated to the Energy transition,
- 0.1% of proceeds is allocated to the Food transition.