ADB Green Bonds Newsletter and Impact Report 2017
ADB green bonds support mitigation of greenhouse gas emissions and adaptation to consequences of climate change, while delivering environmentally sustainable growth.
ADB’s green bonds are issued under a framework that was developed in collaboration between ADB’s Treasury Department and Sustainable Development and Climate Change Department. The green bond framework identifies eligible projects within ADB’s loan portfolio. Proceeds from ADB’s green bonds are tracked against the disbursements of eligible projects. ADB intends to maintain a regular presence in the green bond market consistent with its commitment to scale up climate-financing.
In 2017, ADB approved its Climate Change Operational Framework 2017–2030. This new framework supports the implementation of each nationally determined contributions across the region. It also provides broad direction and guidance in enhancing resilience and strengthening climate actions in ADB operations and business processes. It positions ADB to facilitate, collaboratively and proactively, a regional shift toward a low greenhouse gas emissions and climate-resilient development path.
Given the region’s vulnerability to the impacts of climate change, ADB has committed to doubling its climate financing from its own resources to $6 billion per year by 2020. This will see the proportion of ADB’s climate change finance rise to nearly one-third of all ADB financing.