Green Bonds

Reflection of ICO's commitment to protecting the environment and the fight against climate change

ICO’s mission is to promote economic activities that contribute to the country’s growth and development and to the improvement of the distribution of national wealth. In particular, it focuses on activities that, due to their social, cultural, innovative, or environmental significance, deserve priority attention.

As part of its commitment to sustainability as the backbone of all its activities, ICO is launching its framework program for issuing “green bonds” with the aim of financing projects that contribute to environmental protection and the fight against climate change.

The issuance framework includes different categories of projects to which the raised funds may be directed: renewable energy, energy efficiency, clean transportation, pollution prevention and control, sustainable management of natural resources and land use, sustainable water management, the circular economy, and climate change adaptation.

The platform enables the measurement of the impact of eligible projects and their contribution to the SDGs (Sustainable Development Goals), all within the framework of the ICMA (International Capital Markets Association) “Green Bond Principles,” and has been verified by Sustainable Fitch (a leading provider of corporate social responsibility analysis and second-party opinion).

presentation

The image is a vertical infographic entitled "Green Bonds - ICO, reference issuer", with a green header and pale pink background. It summarises the ICO's green bond programme and organises the information into four blocks: sectors financed, alignment with standards, emissions and impact.
The first block lists the sectors that can be financed by the bonds: circular economy, mobility, energy efficiency, renewable energy and water treatment. The second block indicates the alignment of the ICO framework with external references: Nasdaq Sustainable Bond Network, ICMA (Green Bond Principles), Sustainable Fitch´s second-party opinion and the ICO's Green Bond Framework.

The third block, dedicated to issuance, notes that green bonds are a key instrument of ICO's sustainability strategy, with the inaugural issue in 2019 and a total of seven issues to date. It should be noted that the funding obtained is earmarked for projects that contribute to environmental protection and combatting climate change, reaching an issued volume of €3.5 billion (three and a half billion euros).
The fourth block presents the aggregate impact: 53 projects supported, 22.368 billion euros mobilised (twenty-two point three six eight billion euros) and 1,250,822 tonnes of CO₂ equivalent avoided. The web address "www.ico.es" appears in the footer.

To avoid ambiguity, it is clarified that "CO₂e" refers to carbon dioxide equivalent.

ICO’s Green Bond Framework and related documents

See previous documents

Green Bonds of ICO
ISIN	Issue Date	Maturity Date	Ammount (mill)	Allocation & Impact reports	Annual Review	News
XS3381701062	20/05/2026	31/10/2031	EUR 500			Press release
XS3080788683	27/05/2025	30/04/2032	EUR 500			Press release
XS2793252060	26/03/2024	30/04/2031	EUR 500	April 2025	March 2025	Press Release
XS2586947082	14/02/2023	31/10/2027	EUR 500	February 2024	February 2024	Press Release
XS2487056041	31/05/2022	31/10/2026	EUR 500	May 2023	May 2023	Press Release
XS2356033147	21/06/2021	30/04/2027	EUR 500	May 2022	May 2022	Press Release

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