ESG financing

The ESG bond framework helps the company define its objectives and use of proceeds, ensure transparency, comply with international standards, and attract independent evaluation. Once approved, an external verifier confirms its alignment with recognized principles and standards (ICMA, CBI).

In terms of registration the prospectus for the issuance of ESG bonds, the company provides the regulator with a framework policy and an independent verifier's report. The prospectus must include details on the intended use of proceeds and a description of projects aligned with sustainable development principles.

The listing of ESG bonds on KASE is similar to the listing of regular bonds, considering regulatory requirements for issuance and disclosure. The issuer provides a document confirming an independent evaluation of the project and the framework policy in accordance with recognized standards (ICMA, CBI).

After the placement of ESG bonds, the company engages auditors or authorized organizations to verify the use of funds and their alignment with the framework policy's objectives. The verification results, along with information on fund utilization and achievement of sustainable development goals, are published on the company's website as well as on the KASE website.