HOUSING DEVELOPMENT CORPORATION Investors Presentation
Overview of HDC's Sustainability Bond Framework
HOUSING
DEVELOPMENT
CORPORATION
HDC has established a Sustainability Bond Framework outlining the eligible projects and process under which the company aims to issue
Sustainability Bonds. The Framework addresses the four key pillars of the International Capital Market Association (ICMA) Green Bond
Principles 2018, Social Bond Principles 2020 and Sustainability Bond Guidelines 2018
Process for Project
Evaluation & Selection
Management of Proceeds
Use of Proceeds
An amount equivalent to the
proceeds of the Sustainability Bond
issuance will be used exclusively to
finance or refinance, in whole or in
part, eligible Green and/or Social
Projects.
Eligible Green Project Categories
■
Green Buildings
Renewable Energy
Energy Efficiency
Sustainable Water and
Wastewater Management
Eligible Social Project Categories
Affordable Housing
Affordable Basic Infrastructure
Socioeconomic Advancement
and Employment Generation
"
Initial evaluation of planned
projects by internal Bid
Evaluation or Proposal
Evaluation Committee
HDC Management Board to
opine on initial analysis and
present to HDC's Board of
Directors for final decision on
project selection
Environmental and social
controversy monitoring related
to Eligible Projects to be
conducted throughout the life of
any Sustainability Bonds issued
Sustainable Bond issuance
proceeds to be credited to and
tracked through a dedicated
sub-account
Balance of tracked proceeds will
be adjusted monthly to match
the Eligible Project allocations
All Sustainable Bond issuance
proceeds to be allocated to
Eligible Projects within one year
of issuance
Reporting
Publishing of allocation and impact
reporting at the project-level on an
annual basis, and at least until the
full allocation of the net proceeds
Allocation reporting to include:
Eligible Projects financed or
refinanced
Amounts allocated to Eligible
Projects
Proportion of proceeds used for
financing vs. refinancing
% of co-financing for Eligible
Projects
Balance of any unallocated
proceeds
Types of placements and uses
for temporary unallocated funds
Verification of allocation reporting
and impact metrics and data by an
independent external third party
until full allocation and in case of
any material changes
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