Investor Presentaiton
Sustainability Bond Framework
Market Standards and Key Components
Market Standards
• ICMA Green Bond Principles (GBP)
•
.
ICMA Social Bond Principles (SBP)
⚫ ICMA Sustainability Bond Guidelines (SBG)
Target:
Establish guidelines and 'best practice'
patterns
Promotion of comparability, transparency
and disclosure
•
1. Use of Proceeds
Refinancing of eligible projects with
clear environmental and social
benefits
Defining excluded sectors
2. Project Evaluation and Selection
Process
Defining sustainability and budgetary
criteria
• Defining a process for selecting the
appropriate projects
Framework
State of Berlin
3. Management of Proceeds
Refinancing of projects from up to
three previous financial years
4. Reporting
• Allocation report of bond proceeds to
eligible green and social expenditures
• Impact report for measurable
sustainability impact
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Senate Department of Finance - Investor Presentation for Berlin's Inaugural Sustainability Bond - January 2023
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