FROM JANUARY 10 TO 25, ARDFM, IFC AND KASE HOLD FIRST COMPETITION OF FRAMEWORK PROGRAM "GREEN BONDS"

10.01.23 17:00
/KASE, January 10, 2023/ – Kazakhstan Stock Exchange (KASE) notifies that the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (in the heading – ARDFM) and the International Finance Corporation (in the heading and hereinafter – IFC), operating as a part of the World Bank Group, and Kazakhstan Stock Exchange invite companies and municipalities to participate in the first competition of the Green Bond Framework Program providing: - advisory support for the green bonds issuance preparation; - assistance in obtaining an independent opinion of the green bond issuance compliant with international principles (Second Party Opinion). for two finalists considering green bond financing. In order to participate in the competition it is necessary to submit an application from January 10 to January 25, 2023, by filling out the form – https://docs.google.com/forms/d/e/1FAIpQLSfbi9af98z_b2FUCwVukSDyN8nTG9pR3MNdAtv0eZBIkHwEpA/viewform?usp=pp_url Green bonds are becoming an increasingly popular source of financing for businesses and public sector organizations. Also, the use of funds through the issuance of green bonds supports the implementation of sustainable development goals in the framework of environmental, social, and corporate governance (ESG) and the transformation of the economy toward reducing emissions. KASE provides the necessary infrastructure for the potential issuers of green and other ESG bonds: 1) Existence of expertise in the listing of green, gender, social and other bonds that comply with the principles of sustainable development; 2) No additional listing requirements; 3) A wide range of organizations that conducts an independent evaluation of projects; 4) Reduced listing fees for ESG bonds. As part of the Green Bond Framework, IFC is offering the following free services to two institutions: companies and municipalities: - formation of a portfolio of projects that can be financed or refinanced with funds raised through green bonds; - conducting individual training for the Company's ESG team; - assistance in obtaining an independent external evaluation (Second party opinion); - assistance in the preparation of relevant non-financial reporting. [2023-01-10]