ICO's main role is to promote economic activities that contribute to the growth and development of the country while improving the distribution of wealth, especially in sectors identified as a priority due to their social, cultural, innovative or environmental significance.
In its commitment to Sustainability as the backbone of its entire activity, ICO launches its Green Bond Framework in 2019 to finance projects that contribute to protecting the environment and the fight against climate change.
It includes different project categories which the funds can be directed to: renewable energy, energy efficiency, clean transport, prevention and control of pollution, sustainable management of natural resources and land use, and sustainable water management.
The framework allows eligible projects to be measured in terms of impact and contribution to the SDGs (Sustainable Development Goals), all under the "Green Bond Principles" of ICMA (International Capital Markets Association). The Framework has been verified by second-party opinion provider Sustainalytics.
Green Bond Framework (March 2019). Download PDF file
Second Party Opinion. Download PDF file
Methodology for measuring impacts associated with the ICO Green Bond Framework. Download PDF file