Green Bond Fact Sheet

Center-invest Bank issued a RUB 250 million green bond on 15 November 2019 to finance renewable energy, energy efficiency, and clean transportation projects in Russia. The issuance marks the first green bond by a Russian financial corporate and the first RUB-denominated green bond by any Russian entity. While the bank projects a CO2 reduction of 4,000 tons, the Climate Bonds Initiative cautions that this figure lacks external verification and may relate to the bank's internal operations rather than the projects funded.

• Center-invest Bank issued a green bond on 15 November 2019 with a total amount of RUB 250 million (approximately USD 4 million) and a one-year tenor, maturing on 13 November 2020.
• The bond is noted for several milestones: it is the first green bond issued by a Russian financial corporate, the first RUB-denominated green bond issued by a Russian entity, and the first Russian green bond to finance multiple categories, whereas previous ones only financed rail transport.
• Proceeds from the bond are intended to finance loans for clean transportation, energy efficiency, and renewable energy projects in Russia, specifically covering the categories of energy, buildings, and transport.
• The bank expects the bonds to reduce CO2 emissions by at least 4,000 tons, though the Climate Bonds Initiative notes that the reliability of this figure is limited because there is no external review and the calculation appears to apply to the bank's own operations rather than the funded projects.
• Reporting will be based on a green bond register and included as a separate annex in the Bank's Annual environmental report, although the specific level of granularity and the exact metrics for allocation and impacts remain unclear.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-11_RU_Center-invest%20Bank_%28KB%20Tsentr-Invest%20PAO%29.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-11_RU_Center-invest%20Bank_%28KB%20Tsentr-Invest%20PAO%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 November 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-11_RU_Center-invest%20Bank_%28KB%20Tsentr-Invest%20PAO%29.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 = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2019-11_RU_Center-invest%20Bank_%28KB%20Tsentr-Invest%20PAO%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }