Sustainable Finance Framework 2022
Sustainable Finance Framework 2022
Use of Proceeds
Use of Proceeds Evaluation and Selection
Reporting Verification Review Disclaimer
Introduction
Rationale for Framework
Management of Proceeds
Alignment
Social Eligibility Criteria Selected:
•
Access to essential services (financing
and financial services)
An amount equal to the net proceeds of the
bonds or loans will be used to finance or
refinance, in whole or in part, existing or future
loans made by Sicredi, any of its affiliates and/
or subsidiaries that meet the Eligibility Criteria
described below ("Investments"). Investments
are defined as development, acquisition,
maintenance, refurbishment, installation,
expansion, and operation we finance through
transactions with our clients, or proprietary
capital expenditure from Sicredi and its affiliates
in their own facilities and operations. All
eligible investments are aligned with Sicredi's
Sustainability Policy and our strategies for
sustainable development.
Sicredi will highlight which portion of the
financing and/or the refinancing will be considered
eligible in the appropriate documentation.
Investments may be eligible when disbursed
within 3 years prior to the issuance of the
Sustainable Instrument. We intend to fully allocate
the proceeds from each Sustainable Instrument
within three years but reserve the right to do so
until the instrument's maturity.
Below we describe the Eligibility Criteria that
will be used for the selected Investments and
their associated Sustainable Development Goals
(SDGs), as described by the United Nations (UN):
Green Eligibility Criteria Selected:
• Renewable energy
•
Environmentally sustainable
management of living natural
resources and land use
Green building
Energy efficiency
•
Clean transportation
.
•
Employment generation, through the
potential effect of SME financing and
microfinance
Family Rural Production
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