2021 Interim Results - Debt Investor Presentation
Green Bond Framework
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
Green Bonds are an important part of the Group's Responsible and Sustainable Business Strategy as we look to finance our
customers' transition to the low carbon economy and take an active role in combating climate change through sustainable finance
Key Features
Aligned to the Green Bond Principles published by
ICMA in 2018
1
Use of Proceeds
Green Bond Framework Pillars
2
.
Second Party Opinion provided by Sustainalytics
•
•
.
The Group will allocate an equivalent amount
of the net proceeds to lending to eligible Green
assets
The Framework caters for secured, senior and
subordinated issuance
A 'lookback' period of 36 months has been applied
to the Green Eligible Assets Portfolio
ESG Ratings
SUSTAINALYTICS
ESG Risk rating 20.3 (Medium
Risk). Places the Group in the 17th
percentile of Banks (Industry Group)
MSCI
BB (average)
CDP
DRIVING SUSTAINABLE ECONOMIES
ESG Data,
SAM Ratings &
Benchmarking
B (management level)
44
3
An amount equivalent
to net proceeds will be
allocated to finance/
refinance:
Green Buildings &
Energy Efficiency
Renewable Energy
Clean Transportation
Management of Proceeds
Net proceeds will be
managed on a portfolio
basis
•
The Group will ensure that
the balance of the Green
Eligible Assets Portfolio
matches or exceeds the
total balance of Green
bonds outstanding
4
Project Evaluation and
Selection Criteria
Green Bond Working Group is
responsible for the evaluation
and selection of assets for
inclusion in the Green Eligible
Assets Portfolio
The portfolio is reviewed on
a quarterly basis with loans
no longer meeting eligibility
criteria being removed
Reporting & External Review
Allocation Report - will be
published alongside external
verification provided by an
independent accredited
provider
Impact Report - the Group
intends to provide investors
with an impact report on
the assets within the Green
Eligible Assets Portfolio
Bank of Ireland
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