Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) announced the issuance of the Sustainability Bond Framework according to the Sustainability Bond Guidelines of the International Capital Market Association (ICMA Sustainability Bond Guidelines).

The Sustainability Bond Framework is used by BIDV for sustainability bond issuance, including 04 pillars:

• (i) Use of proceeds;
• (ii) Process for project evaluation and selection;
• (iii) Management of proceeds;
• (iv) Reporting.

Moody's (Second Party Opinion Provider) highly assessed BIDV’s Sustainability Bond Framework, with the assigned score SQS2 (very good). In the Second Party Opinion, Moody's emphasized “BIDV has described the main characteristics of the sustainability bonds within a formalized framework that covers the four core components of the International Capital Market Association’s (ICMA) Green Bond Principles (GBP) 2021 (including the June 2022 Appendix 1), Social Bond Principles (SBP) 2023 and Sustainability Bond Guidelines 2021. The framework also demonstrates a significant contribution to sustainability. (ICMA) Green Bond Principles (GBP) 2021 (including June 2022 Appendix 1). Furthermore, the framework demonstrates a significant contribution to sustainability.”

Valued clients and partners can see details of BIDV's Sustainability Bond Framework and Moody's SPO at attached files.

BIDV_Sustainability Bond Frameworks.pdf Second_Party_Opinion-JSC-Bank-for-Investment-16Aug2024-PBC_1415896.pdf