Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Shanghai Pudong Development Bank

Shanghai Pudong Development Bank "SPDB" is one of the largest commercial banks in China. It is headquartered in Shanghai and was incorporated in 1993. It was set up originally to help finance the development of Pudong, which is a district in Shanghai that has become a financial hub in China. The bank has been expanding its operations internationally in recent years. It opened its London office in 2018.

This is the first Certification related to the Low Carbon Buildings Criteria in China. The buildings linked to this bond are either currently under construction, or recently completed construction in the last few years. 

SPDB had previously issued several green bonds. This is the first one to receive Certification.

 

DATE OF ISSUE TYPE OF INSTRUMENT SIZE COUNTRY OF ISSUE

 CLIMATE BONDS SECTOR CRITERIA 

VERIFIER'S REPORT  ANNUAL REPORT  FURTHER INFORMATION
 October 2019 Private Placement  USD 300m  China

Low Carbon Transport

Low Carbon Buildings 

 

 

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