tbli nordic 2015 - huib-jan de ruijter - green bonds

Download TBLI NORDIC 2015 - Huib-Jan de Ruijter - Green Bonds

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  1. 1. SUSTAINABILITY BONDS THE DUTCH DEVELOPMENT BANK 15.06.2015 www.fmo.nl
  2. 2. I. ABOUT FMO
  3. 3. VISION AND MISSION We believe in a world in 2050 where 9 billion people can live well and within the boundaries of the planet. In pursuit of this vision our mission is to empower entrepreneurs to build a better world.
  4. 4. Our ambition is to become the leading impact investor by doubling impact and halving footprint by 2020. 4 STRATEGY
  5. 5. II. SUSTAINABILITY BONDS
  6. 6. Senior unsecured bonds issued under FMOs Debt Issuance Programme: Green projects e.g.: - Climate change mitigation - Climate change adaptation Inclusive finance projects: - Microfinance FMO ESG policy and integrated approach SUSTAINABILITY BOND FRAMEWORK
  7. 7. 1. Use of Proceeds 2. Process for Project Evaluation and Selection 3. Management of Proceeds 4. Reporting GREEN BOND PRINCIPLES
  8. 8. Eligibility criteria documented in the Final Terms Eligible green projects Renewable energy Energy efficiency Eligible inclusive finance projects Microfinance Institutions EUR 463 million disbursed as per December 2014 Disbursements per category (EUR mln) PRINCIPLE 1: USE OF PROCEEDS 87 376 37 Available Disbursed, green Disbursed, inclusive 202 78 79 Eastern Europe & Central Asia Latin America & Carribean Africa Asia
  9. 9. PRINCIPLE 2: GREEN PROCESS * Inclusive finance only entails microfinance
  10. 10. NewsletterAnnual Report PRINCIPLE 4: REPORTING
  11. 11. PRINCIPLE 4: REPORTING Project disclosure
  12. 12. Strong internal expertise Excellent reporting FMO's expertise in areas of project selection and measurement make it highly likely that assets selected for the Sustainability Bond will have a strong impact in the areas of climate change mitigation, climate change adaptation and inclusive finance FMOs reporting will be very detailed and transparent, which will provide investors clarity about the bond investments SUSTAINALYTICS CONSIDERS FMOS SUSTAINABILITY BOND TO BE ROBUST, CREDIBLE AND TRANSPARENT SECOND OPINION BY SUSTAINALYTICS