Bangladesh Issues Green Bond Framework

Bangladesh Bank has published a green bond financing policy for financial institutions, as part of efforts to promote investment in green projects. The central bank said the policy is aimed at facilitating sustainable investment in climate change mitigation and adaptation projects, energy and resource efficiency, and a green economy. “In the long run the policy should assist the development of a vibrant green bond market with an impact of growth for national economy,” Bangladesh Bank said. The green bond policy contains a taxonomy that describes the activities and criteria for eligibility of green bond issuance, focusing on green activities in eight sectors – including low-carbon electricity generation and transportation, heating and cooling, and energy and resource efficiency. Banks – including foreign banks operating in Bangladesh – and other financial institutions are asked to develop their own board- and regulator-approved green bond financing policies.

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