/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]