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.