For the first time in the region, Ameriabank – a Partner Financial Institution of GEFF in Armenia, wins the Global Finance “Sustainable Finance award”. The awards recognise global, regional, and local leadership in Sustainable Finance funding for initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future for humanity. Criteria for evaluation include governance policies, goals, and measurable achievements in environmental and social sustainability financing.
Ameriabank started on its way to green finance in 2009, financing more than USD 200 million in renewable energy and energy efficiency projects with the support of various international financial institutions and impact investors. In 2019 it became a Partner Financial Institution (PFI) of the EBRD’s GEFF in Armenia, receiving not only funds for green finance but also technical support and knowledge transfer that supported its growth in green finance practices and portfolio development.
In 2020, Ameriabank became the first Bank in Armenia to issue Green Bonds. It is committed to creating a sustainable environment and supporting its customers’ transition towards a carbon-neutral economy. The Green Bond Framework, under which it issues bonds and uses the proceeds to finance and refinance existing and future projects that support Armenia’s transition to a low-carbon economy, has set eligibility criteria in nine areas:
According to Sustainalytics, a leading independent ESG and corporate governance research, ratings and analytics firm, Ameriabank’s Green Bond Framework is credible and impactful. It is consistent with the International Capital Market Association’s Green Bond Principles and is in alignment with the UN Sustainable Development Goals. Advancing further, in February 2022, Ameriabank announced the public placement of nominal coupon book-entry bonds with a total volume of USD 8 million and AMD 3 billion from February to April 2022, which was the first-ever placement of green bonds via a public offering in Armenia.
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