BIL releases its Green Bond Framework

fr en de

Banque Internationale à Luxembourg has released a new Green Bond Framework to support its sustainable strategy and the transition to a low carbon economy.

<< Back
  • 202204 GBF cover

BIL has implemented its Green Bond Framework with a clear commitment to support the growth of the sustainable finance market. The Bank will now be able to issue green bonds, guaranteeing investors their funds will be used for a sustainable purpose. Case in point, this is the first green bond framework guaranteeing the exclusive financing of energy-efficient real estate in Luxembourg. This will strengthen BIL’s sustainable strategy and have a positive impact on the local economy and communities.

Specifically, BIL will be able to issue public bonds and private placements. The net proceeds will be allocated exclusively to finance or refinance, in full or in part, new or existing loans and investments for existing or future green buildings. To be eligible, these must be located in Luxembourg, and demonstrate specific performances of energy efficiency, as defined in the framework. To design its Green Bond Framework, BIL worked in close collaboration with sustainability experts from the Luxembourg Stock Exchange, home to the Luxembourg Green Exchange (LGX), the world’s leading platform dedicated exclusively to sustainable finance and Natixis Corporate & Investment Banking, acting as structuring advisor.

Jérôme Nèble, BIL’s Head of Financial Markets said: “BIL’s new Green Bond Framework is a key element of our sustainable strategy. Issuing green bonds will help us have a direct impact on the transition to a low carbon economy. We are looking forward to working with investors and clients to finance energy-efficient building projects.”

The new Green Bond Framework is a key element of BIL’s environmental, social and governance (ESG) strategy. Since the definition and launch of this strategy in 2021, the Bank has made significant progress in developing responsible products and services that create value for its clients while contributing to a responsible economic transition and sustainable finance. Four of the funds of its BIL Invest range received the LuxFLAG ESG label for a period of one year. BIL has also become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

Detailed information on Banque Internationale à Luxembourg Green Bond Framework is available on bil.com.

Back to top  | << Back

Communiqués liés

Cover pic copy
23/05/2022 Partenariat

Nitrado chooses G-Core Labs to scale its IT infrastructure i...

G-Core Labs, an international cloud and edge provider, created IT infrastructure...

G-core Labs
ERG's Youth Forum 2022
23/05/2022

Young mining & metals specialists from Europe meet their Afr...

On 16th to 18th May 2022, Eurasian Resources Group (“ERG” or “the Group”...

Eurasian Resources Group
Peter Hughes
23/05/2022

Apex Group to provide single-source solution for Greater Sha...

Apex Group Ltd. (“Apex” or “The Group”), a global financial services pro...

Apex
ING Gare
20/05/2022

ING affiche un résultat net de 120 millions d'euros en 2021...

ING désignée meilleure banque privée au Luxembourg pour la deuxième année...

ING Luxembourg
Deloitte New Partners Managing Directors
19/05/2022 Personnalités

Deloitte nomme 21 nouveaux Partners et Managing Directors

Démontrant sa pleine confiance en un avenir prometteur, Deloitte Luxembourg a n...

Deloitte
ERG's logo (002)
19/05/2022

ERG notes that English High Court confirms breaches of dutie...

Eurasian Resources Group (“ERG” or “the Group”), a leading diversified n...

Eurasian Resources Group

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more