17 Jun 2016
NIB voted into the Green Bond Principles Executive Committee
On 16 June, NIB became a member of the Green Bond Principles (GBP) Executive Committee, a group within the International Capital Markets Association (ICMA).
The GBP is a set of voluntary process guidelines to promote the integrity and development of the green bond market. The members and observers include investors, issuers and dealers. The Executive Committee is the main body within the GBP to develop and decide on the further amendments to the Principles. NIB joined the GBP in 2014.
“We are very pleased to become a member of the Executive Committee and thankful to the members of the Green Bond Principles who voted for NIB. This reflects not only the good recognition NIB enjoys as an issuer of green bonds, but also the many years of experience the Bank has in assessing the environmental impact of the projects it finances”, says Lars Eibeholm, Head of Treasury at NIB.
“NIB is based in the Nordic region, which is at the forefront of supporting the sustainable global development and has already at an early stage recognised green bonds as an excellent instrument to engage private sector money for global environmental targets. NIB sees its role in the Committee in promoting this development.”
The Bank established its NIB Environmental Bond (NEB) framework, verified by CICERO, in 2011. NIB has issued ten NEBs and is among the top-10 largest issuers of green bonds. NIB’s approach with issuing green bonds is having long-term sustainable goals. The NEB framework supports the COP21 targets.