The AIFC Green Finance Centre, an EDB subsidiary, is the first in Central Asia to be included in ICMA’s international register

31 January 2022

Nur-Sultan, 27 January 2022. The International Capital Markets Association (ICMA) has included the Eurasian Development Bank’s (EDB) subsidiary, the AIFC Green Finance Centre, in its External Review Service Mapping, an international register of green and social bond issue verifiers. The Centre has become the first in Central Asia to be included in the register.

The External Review Service Mapping register contains information on the reviewers of green, social and sustainability bond issues, including their experience, country coverage, and services offered.

The AIFC Green Finance Centre was established to develop and promote green finance in Kazakhstan and Central Asia. It assists potential issuers, investors, and market players in preparing for green bond issues on the AIFC Exchange. The AIFC Green Finance Centre’s inclusion in the ICMA register recognises that its methodologies and approaches comply with ICMA guidelines for independent verifiers and international industry standards.

“We are steadily increasing our commitment to sustainable development, including by taking part in projects that promote green energy, energy conservation, energy efficiency, sustainable urban and industrial development, sustainable use of natural resources, greenhouse gas reduction, and waste management. The EDB has the largest project portfolio in the renewable energy sector,” said Amangeldy Issenov, Vice Chairman of the EDB Management Board.

In 2021, the EDB made two debut offerings in the ESG segment – green bonds in September and social bonds in November. The Bank is the most active issuer among international financial institutions in Kazakhstan’s capital market, attracting around KZT 100 billion annually. The EDB’s green bonds have also been included in the ICMA register.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB Media Centre:

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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