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    November 10, 2022
    Union Finance Minister Smt. Nirmala Sitharaman approves India’s First Sovereign Green Bonds Framework
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    All› Corp. Laws, SEBI & IBC › Corp. Laws, SEBI & IBC - 2022
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    November 10, 2022
    Union Finance Minister Smt. Nirmala Sitharaman approves India’s First Sovereign Green Bonds Framework
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    Sovereign green bonds framework approved, directing proceeds to eligible public-sector green projects and aligning with ICMA principles.
    Approval of a Sovereign Green Bonds framework establishes that proceeds will be allocated to Public Sector projects reducing carbon intensity, mandates a Green Finance Working Committee to validate issuance decisions, and incorporates an independent Second Party Opinion aligning the framework with ICMA Green Bond Principles, rated Medium Green with a Good governance score.

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