Green Finance Framework

In February 2024, we issued our Green Finance Framework through the support and guidance of Asian Development Bank (ADB). The Green Finance Framework articulates our governance and reporting systems and ensures strict adherence

with the following standards and principles

(collectively the “Principles”) International

Capital Market Association’s (ICMA) Green

Bond Principles (GBP), the Association of

Southeast Asian Nations (ASEAN) Capital

Markets Forum’s Green Bond Standards

(AGBS) and the Asia Pacific Loan Market

Association, the Loan Market Association

(LMA), and the Loan Syndications and Trading

Association’s (LSTA) Green Loan Principles.

We commit to providing information

with transparency, accuracy and integrity

according to the five key pillars set out in

the framework:

Use of Proceeds

Process for Project Evaluation and Selection

Management of Proceeds

Reporting

External Review

Green Finance Framework

ADB provided technical assistance to

support project selection, bond framework

development, and capacity building through

the Asian Bond Markets Initiative, which is an

initiative of the governments of ASEAN, the

People’s Republic of China (PRC), Japan, and

the Republic of Korea to develop local currency

bond markets. The PRC Poverty Reduction and

Regional Cooperation Fund financially supports

this technical assistance program. This is part

of ADB’s overall effort to catalyze sustainable

bond issuances across Southeast Asia.