Green Bond Fact Sheet

The Bank of Lanzhou issued a CNY 2bn (USD 29m) green bond on April 4, 2019, to fund 13 projects in waste treatment, water supply, urban transit, energy efficiency, and solar energy. The bond is rated G3 (Medium Green) by China Bond Rating and is expected to reduce CO2 emissions by 20,600 tons annually while recycling significant amounts of scrap metal, plastic, and cardboard.

• The Bank of Lanzhou issued a green bond on April 4, 2019, with a total amount of CNY 2bn (USD 29m) and a maturity date of April 4, 2022. The bond received a green bond rating of G3 (Medium Green) from China Bond Rating, based on a rating scheme developed in December 2016 that ranges from G1 (Dark Green) to NG (Not Green).
• Proceeds from the bond are allocated to 13 eligible projects across several sectors: six waste treatment projects (covering waste paper recycle and Waste Electrical and Electronic Equipment), four water supply and treatment projects, one urban public transit project, one energy efficiency project, and one solar farm.
• The expected annual environmental benefits of the projects include a reduction of 20,600 tons of carbon dioxide emissions. Waste recycling targets include 63,100 tons of scrap metal, 21,000 tons of plastic pellets, and 21,000 tons of waste cardboard. Water quality improvements include annual reductions of 642.16 tons of COD, 359.55 tons of ammonia nitrogen, and 33.62 tons of total phosphorus.
• The issuer has committed to reporting the use of proceeds on a quarterly basis, with an annual report to be disclosed before April 30 of the following year. A third-party agency will be used to follow up on the projects and their associated environmental benefits.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20CN%20Bank%20of%20Lanzhou.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20CN%20Bank%20of%20Lanzhou.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=24 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20CN%20Bank%20of%20Lanzhou.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20CN%20Bank%20of%20Lanzhou.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }