 |
| |
Masdar To Publish Its Inaugural Green Finance Framework | |
| Sumita Pawar |
According to the news, Masdar has published its inaugural Green Finance Framework (GFF) with a sustainability quality score of SQS1 (Excellent), the highest rating, from Moody’s Investors Service, its second-party opinion provider.
 |
This independent assessment should make investors in the debt capital market more interested in the bonds that Masdar plans to sell.
The rating is based on how well the four parts of the Green Bond Principles (GBP) are aligned and how much the bond is expected to help the environment.
Masdar Makes Strategic Investment in One of the World’s Largest Geothermal Players
According to the report, Masdar will now be in a position to issue green bonds in connection with the GFF, with the proceeds being closely tracked and the environmental benefits of projects being accurately measured, demonstrating a high degree of transparency and disclosure to the investor community.
Masdar is planning to issue its first green bond in 2023, as its Chief Executive Officer, Mohamed Jameel Al Ramahi, announced in January at the Abu Dhabi Sustainable Finance Forum.
"Our Green Finance Framework will guide all future issuances in the loan and debt capital markets, in line with best practises in the sustainable finance industry," said Niall Hannigan, Chief Financial Officer, Masdar.
Masdar launched its GFF to provide investors and stakeholders with information regarding its commitment to allocate the proceeds of green bonds, loans, and other financial instruments in a manner consistent with the highest ESG standards.
As the report concluded, the GFF, which is available on Masdar’s website, will serve as a reference for any and all green financial instruments, including bonds, loans, private placements, and sukuk, that Masdar raises to fund investments in projects at home and overseas.