INTERNATIONAL INVESTMENT
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Techcombank announced the launch of its Green Bond Framework on December 4, marking a milestone as the first private bank in Vietnam to take this significant step towards sustainability.
The framework aligns with the International Capital Market Association’s (ICMA) Green Bond Principles, reinforcing Techcombank’s commitment to fostering sustainable development and supporting Vietnam’s transition to a greener economy.
Techcombank's headquarters in Hanoi. Photo: Techcombank
Jens Lottner, CEO of Techcombank, noted, “We are immensely proud to be the first private bank in Vietnam to publish a Green Bond Framework aligning with the ICMA's Green Bond Principles. This initiative is a testament to our unwavering commitment to promoting sustainable finance while contributing to a greener future for Vietnam”.
Techcombank’s Green Bond Framework has been developed with support and technical advisory from The Global Green Growth Institute.
The Green Bond Framework is a guiding document which ensures that the proceeds raised from the issuance of green bonds will be used by Techcombank to finance projects that provide actual environmental benefits to Vietnam.
The framework has been independently reviewed by S&P Global, one of the leading rating agencies, which has assessed Techcombank’s Green Bond Framework as ‘Medium Green’, the second-highest designation in their ‘Shades of Green’ rating system.
This underscores the credibility, environmental benefits, and alignment of Techcombank’s green initiatives with global standards.
The eligible green activities under the Techcombank Green Bond Framework have been assessed by S&P as “contributing to address some of the most acute environmental issues facing the country”.
Techcombank’s leadership in launching this Green Bond affirms its commitment and signals a broader movement towards sustainable financing in the country.
By mobilising capital for green projects, Techcombank aims to play a pivotal role in advancing Vietnam’s environmental goals while enhancing investor confidence in the burgeoning green finance market.
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