Recently, Moody’s (as the Second Party Opinion provider) assigned an SQS2 Sustainability Quality Score (Very Good) to BIDV’s Sustainable Loan Framework.

Officially launched on February 16, 2023 with the support of Carbon Trust, BIDV’s Sustainable Loan Framework is developed in the principles jointly issued by the Loan Market Association (LMA), Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).

The Framework is designed to provide the most widely recognized sustainable lending products on the global market, including thematic loans and sustainability-linked loans. Thematic loans, such as green and social loans, are specifically structured to fund projects with positive environmental and social impacts. Meanwhile, sustainability-linked loans are structured to encourage borrowers to achieve pre-set sustainability performance targets, which are measured through defined key performance indicators.

In their assessment, Moody’s stated: “BIDV has described the main characteristics of the green, social and sustainability loans within a formalized framework that covers the four core components of the Green Loan Principles (GLP) 2023 and Social Loan Principles (SLP) 2023. The framework also demonstrates a significant contribution to sustainability."

This SPO rating reaffirms BIDV's strong commitment to promoting green finance and driving sustainable development in Vietnam.