Green bond framework

• The proceeds from the green bonds issuances (Proceeds) will be exclusively used to finance new or refinance existing green projects which meet the criteria.
• Existing projects are projects to which disbursements have been made within 36 months prior to the bond issuance date. The proportion of existing green assets shall be kept at a reasonable level, indicatively no more than 50% of the Eligible Projects

• Techcombank chooses green projects that (i) are not subject to our exclusion standards ; and (ii) have been screened for social and environmental risks and (iii) meet the standards for eligible projects
• Accordingly, Techcombank staff collects information from Customers to identify green projects, combined with risk screening and classification based on the Environmental-Social Risk assessment tool.
• Techcombank shall conduct periodic assessments every 12 months or based on the duration of environmental and social licenses (if any); or according to specific guidelines of Techcombank in order to ensure that the project always complies with credit commitments

Techcombank will record the proceeds from each green bond issuance (“Proceeds”) in a general account and earmark these Proceeds to the portfolio of Eligible Projects. These tracked Proceeds are periodically adjusted to match allocations to total eligible projects during the time the Green bonds are outstanding.

Techcombank will prepare two reports, in accordance with this green bond framework: 

• Techcombank will issue Report of the use of green bond proceeds, on a porfolio basis where the Proceeds of all outstanding green bonds are used to finance a portfolio of Eligible Projects. 
• Techcombank will issue qualitative and/or quantitative impact reporting on an annual basis by referring to examples of indicators