Second Party Opinion (SPO) of the Bank's Green financing policy
Bank CenterCredit has successfully passed an independent assessment of its green financing policy in the Second Party Opinion (SPO) format, and received the highest level of compliance with the green bond principles (GBP) of the International Capital Markets Association (ICMA).
The assessment by the AIFC Green Finance Center (AIFC GFC) showed that JSC Bank CenterCredit demonstrates a high level of procedures and mechanisms for the selection and management of projects, a high level of transparency, and disclosure of information on projects being implemented that have environmental and/or social significance.
The AIFC GFC assessment also included a review of the potential use of proceeds from the Bank's first green bond issue, scheduled for approximately the second half of 2025, to finance and/or refinance eligible green projects that meet the selection criteria in accordance with the Bank's Green Financing Policy. In line with the best international practices in the financial market, the criteria for eligible green projects provided for in the Policy are harmonised with the criteria of the Climate Bonds Initiative (CBI).