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  • Assessment Criteria

    Initial Assessment:

    Initial Assessment Surveillance Assessment
    At least one project of the loan has green nature: Report on environmental impact for the green project(s) of the loan:

    Commit to allocate the loan proceeds to at least one green project and clearly define the green amount on the loan document;

    Able to match the green project with the Scheme’s green project category(ies) and Sustainable Development Goals;

    Select environmental impact indicator(s) and commit to collect KPI data;

    For all declared green project(s), report actual data with the use of the selected environmental impact indicator(s), and provide improvement plans for project(s) that have no concrete improvement reported.

    Make compliance declaration:

    Declare the provided information is true, accurate and complete;

    Declare to continuously meet the requirements of environmental regulations;

    Declare to carry out environmental impact assessment in accordance with regulatory requirements and have the required licenses;

    Declare not to use the proceeds and temporary proceeds for the projects described in the IFC's exclusion list to avoid significant social risks;

    Declare to maintain a register to keep track of the use of proceeds and verify the register by external or internal accounting personnel at least once a year;

    Declare to report the proceeds allocation towards green projects or green project categories to the bank at least once a year until the loan maturity;

    Declare to conduct environmental impact reporting during the surveillance assessment stage to determine the extent of environmental impact brought by the loan.

    Minimum requirement for each green type in Surveillance Assessment

    Green Type

    Minimum requirement for each green type

    Environmental Impact

    Green Proceeds Proportion

    Refinancing

    Information Disclosure

    AAA

    All projects with environmental impact

    75% or above of the entire loan amount

    All green project are non-refinance or with look-back period within three years

    Have made public disclosure of green project's environmental impact

    AA

    50% or above of the entire loan amount

    /
    A

    25% or above of the entire loan amount

    /
    BBB

    Provided impact data and formulated improvement plan for projects without quantifiable environmental impact

    /
    Unclassified /