The issuance was aligned with the Green Bond Principles of the International Capital Market Association, with a clear obligation to use the funds exclusively for projects in the areas of renewable energy, energy efficiency, transport, water management, pollution prevention and control, circular economy, biodiversity and environmental protection, and sustainable agriculture.
2/4  BIS - Central bankers' speeches  Furthermore, in respect of FX reserve management, the NBS also has green bonds of high-ranking prime international issuers in its portfolio, thereby also supporting the green transformation.