Sustainable Finance Framework 2022
Sustainable Finance Framework 2022
Alignment
with the
Sustainability
Bond Principles
Introduction
Rationale for Framework
Management of Proceeds
Alignment
Use of Proceeds Evaluation and Selection
Reporting Verification Review
Disclaimer
Sustainable instruments are debt financing
options where the proceeds are exclusively
applied to finance or refinance, in part or in full,
new or existing sustainable projects that are
considered green, social or a combination of
both ("Sustainable Instruments").
This Framework has been established in
accordance with the (i) the Sustainable Bond
Guidelines of 2021 ("SBG") ¹, the Social Bond
Principles of 2021 ("SBP")² and the Green
Bond Principles of 2021 ("GBP") and together
with the SBG and the SBP simply ("Bond
Principles"), administered by the International
Capital Markets Association ("ICMA") aiming
to encompass future issuances in the capital
markets and (ii) the Green Loan Principles of
2018 ("GLP") and the Social Loan Principles of
2021 ("SLP"), together with the GLP the ("Loan
Principles") published by the Loan Markets
Association ("LMA") aiming to encompass
bilateral or syndicated loans with financial
institutions and/or multilateral agencies, provide
guidelines for any type of loan instrument
that finances or refinances green and/or social
projects ("Principles").
The Principles are voluntary process
guidelines for best practices when issuing
Sustainable Instruments that recommend
transparency, disclosure and promote integrity
for best practices when raising funds with
Sustainable Instruments, either in the capital
market or bilateral loans.
Therefore, our Sustainable Financing
Framework is aligned with the four core
components of the Principles, namely: (1)
Use of Proceeds, (2) Process for Project
Evaluation and Selection, (3) Management of
Proceeds and (4) Reporting.
1 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-bond-guidelines-sbg/
2 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/social-bond-principles-sbp/
3 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp/
4 https://www.lsta.org/content/guidance-on-green-loan-principles-glp/
5 https://www.lma.eu.com/application/files/1816/1829/9975/Social_Loan_Principles.pdf
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