Techcombank has just marked a significant milestone by becoming the first private bank in Vietnam to voluntarily issue a Green Bond Framework in compliance with the Green Bond Principles from the International Capital Market Association (ICMA)
Led by our vision of “Change banking, Change lives, Uplifting everyone to reach their full potential” and our mission to lead the digital transformation of the banking industry, as well as to enable individuals, businesses and corporations to progress and thrive sustainably, Techcombank seeks to create value for all stakeholders in a sustainable way.
With that vision, Techcombank has become the first private bank in Vietnam to voluntarily issue the Green Bond Framework in accordance with the recommendations of the Green Bond Principles published by the International Capital Market Association (ICMA). Techcombank’s Green Bond Framework is a guiding document that ensures compliance with the principles for the using of proceeds from the Bank’s green bond issuances through the following four pillars:
Accordingly, the proceeds raised from the issuance of Green Bonds will be used by Techcombank to finance projects that provide environmental benefits.
To ensure compliance with ICMA's principles, Techcombank has chosen S&P Global Ratings - an independent and reputable external evaluator, to provide a Second Party Opinion for its Green Bond Framework. S&P Global Ratings has assessed Techcombank’s Green Bond Framework as compliant with ICMA's Green Bond Principles and rated the Framework as 'Medium Green,' the second highest level on S&P Global Ratings' Shade of Green scale.
Click HERE for Techcombank Green Bond Framework
Click HERE for S&P Second Party Opinion
On December 1st, 2012 in Hanoi, Techcombank and Nhan Dan Newspaper organized the launching ceremony of Viet Seed Fund, which was established according to Ministry of Interior’s Decision No. 930/QD-BNV. This is Vietnam’s first national, non-profit fund for young talents.
