Allocation and impact report of 2021 Kutxabank green bonds

Kutxabank has issued green bonds for a value of 500 million euros, with a term of 6 years. To this end, it has developed a Green Bond Framework for their issuance. Green bonds can be defined as fixed income instruments where the proceeds will be applied exclusively to finance and/or refinance, in part or in full, new and/or existing eligible green projects, and which are aligned with the four core components of this Framework. The Framework follows the ICMA Green Bond Principles (GBP), which have four information requirements: 1. Use of proceeds; 2. Project evaluation and selection process; 3. Revenue management and 4. Reporting.

The objective of this project is based on the last of these reporting requirements. Specifically, it will consist of five annual impact reports (2022, 2023, 2024, 2025 and 2026) for green bonds issued in 2021.

For this purpose, the tasks carried out by Metroeconomica will be: (i) review and best practices in impact reporting of green bonds, (ii) development of green bond impact assessment in 2022, (iii) final 2022 report writing and (iv) monitoring and updating 2023-2026.

Link to press release

Link to report

  1. Client
    Kutxabank
  2. Solution
    Taxation and green finance
  3. Dates
    01/2022 - ongoing
  4. Location
    Spain
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