Bank of China is the oldest bank in China and one of the largest, both in China and in the world.
In 2017, Bank of China's (BOC) issued their first Certified Climate Bond through their Paris branch. The Bank of China is commited to use its lending to support its sustainability objectives. The proceeds from this bond will refinance loans that were made to support 2 wind energy projects in Europe and 15 subway metro systems in China.
Bank of China has developed an internal Green Bond Framework that will allow them to Certify more issuances in the future as part of a broader Green Bonds Programme. Due to its global network, BOC will allocate the net proceeds of the Green Bonds to eligible projects and assets across many domestic and overseas markets.
In 2018, Bank of China issued their second Certified Climate Bond through their London branch.
In 2018, Bank of China issued their third Certified Climate Bond through their Tokyo branch.
In 2019, BoC issued their fourth Certified Climate Bond through their Macau branch, which was listed in Hong Kong.
|DATE OF ISSUE||TENOR||ANNUAL REPORT||FURTHER INFORMATION|
|November 2017||Use of proceeds bond||USD 1.5 billion||multiple tenors, up to 5 years||France (BoC Paris)||Low Carbon Transport, Wind||Annual report published on BOC's website|
|June 2018||Use of proceeds bond||USD 1 billion||5 years||United Kingdom (BoC London)||Marine Renewable Energy, Low Carbon Transport, Wind, Water Infrastructure|
|November 2018||Use of proceeds bond||
JPY 30 billion
RMB 800 million
(USD 379 million equivalent)
|3 years||Japan||Low Carbon Transport, Water Infrastructure|
|October 2019||Use of proceeds bond||
EUR 300 million
RMB 2 billion
USD 350 million
(USD 1 billion total equivalent)
|up to 3 years||China||Low Carbon Transport, Wind, Solar|