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Green financing
In order to finance green generation projects, the Ignitis Group has launched a Green Bond Framework.
Green Bond Framework is designed to finance projects that promote the transition to low carbon and climate resilient growth and a sustainable economy as determined by Ignitis Group.
Eligible projects include:
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renewable energy including wind, hydro3 , biogas, solar and geothermal power and related infrastructure;
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pollution prevention and control including waste-to-energy;
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energy efficiency including construction and reconstruction of electricity distribution networks to decrease network losses and/or provide possibilities to connect renewable energy, smart grid projects and ESCO projects;
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clean transportation solutions for maintenance vehicles based on non-fossil fuel and supporting infrastructure.
Ignitis Group Green Bonds will not finance nuclear or fossil energy generation projects.
Green Bond Investor Letter
In line with the requirements, Ignitis Group publishes Green Bond Investor Letter, detailing financed projects and their impact on the environment.
Audit assurance
Independent Limited Assurance Report is prepared each year to provide limited assurance on the selected information reported in the corresponding Green Bond Investor Letter.
Designation
Center for International Climate Research (CICERO) has given it the highest green designation.
A Sustainable Development Committee within the Company ensures the smooth and transparent allocation of the funds raised via green bonds to projects that meet the principles and criteria set out in the Green Bond Framework.
