By enhancing its commitment to sustainable development and environmental management, the Alpha Bank Posted the new framework of green bonds, an initiative that highlights the bank’s devotion to promoting the transition to a low carbon economy through the green funding and the alignment of its activities with the global sustainability goals.
Based in the context of sustainable funding released by the Bank in 2023, the framework of Green bonds by Alpha Bank, as stated in a statement, provides a transparent and structured approach to channel funds to projects promoting environmental objectives, such as renewable energy and energy sources.
The framework of green bonds will allow Alpha Bank to provide investors opportunities with impact on sustainable projects and to ensure transparency and accountability in the use of capital.
Alignment with the principles of Green Bonds of the International Association of Capital Market (ICMA) and incorporating the eligibility criteria for EU taxation on a case -by -case basis, the framework of Green Bonds observes the highest standards of transparency and accountability in the green funding sector.
The box has received an evaluation from the independent ISS-Corporate body.
The new framework aims to meet the growing demand for investors in green bonds by providing a clear path to pumping capital to be available in projects with significant explicit environmental benefits. Eligible activities are grouped in five basic themes:
- Energy efficiency
- Green buildings
- Renewables
- Viable transport
- Efficiency of resources and control of pollution
Through this green bond framework, Alpha Bank not only offers investors the opportunity to support a more viable future, but also enhances its role in promoting a global shift towards environmental responsibility.