Techcombank marks a milestone as the first private bank in Vietnam to take a significant step toward sustainability.
Techcombank’s Green Bond Framework has been developed with support and technical advisory from The Global Green Growth Institute (GGGI).
The Green Bond Framework is a guiding document that ensures that the proceeds raised from the issuance of Green Bonds will be used by Techcombank to finance projects that provide actual environmental benefits to Vietnam.
Greener Economy
The framework aligns with the International Capital Market Association’s (ICMA) Green Bond Principles, reinforcing Techcombank’s commitment to fostering sustainable development and supporting Vietnam’s transition to a greener economy.
«We are immensely proud to be the first private bank in Vietnam to publish a Green Bond Framework aligning with Green Bond Principles by ICMA. This initiative is a testament to our unwavering commitment to promoting sustainable finance while contributing to a greener future for Vietnam», Jens Lottner, CEO of Techcombank said.
Shades of Green
The framework has been independently reviewed by S&P Global, one of the leading rating agencies, which has assessed Techcombank’s Green Bond Framework as «Medium Green», the second-highest designation in their «Shades of Green» rating system.
Techcombank’s leadership in launching this Green Bond affirms its commitment and signals a broader movement toward sustainable financing in the country, the bank said.
Pivotal Role
By mobilizing capital for green projects, Techcombank aims to play a pivotal role in advancing Vietnam’s environmental goals while enhancing investor confidence in the burgeoning green finance market.
