Green Bond Fact Sheet
Summary
The Chongqing Three Gorges Bank issued a CNY 3 billion (USD 436.9 million) green bond on 27 December 2018 with a three-year tenor. The proceeds are designated for energy saving, pollution prevention, resource conservation and recycling, clean energy, and ecological protection and adaptation. The Climate Bonds Initiative (CBI) included the bond in its database because hydropower accounts for only 3% of total proceeds and other allocations align with the PBoC catalogue and CBI taxonomy, though the bond may be excluded if future reporting shows the actual use of proceeds fails to meet CBI definitions.
Key insights
- On 27 December 2018, Chongqing Three Gorges Bank issued a green bond totaling CNY 3 billion (approximately USD 436.9 million) with a maturity date of 27 December 2021.
- The bond's proceeds are allocated across four primary categories: clean energy (specifically solar, onshore wind, and hydro), energy saving, pollution prevention, resource conservation and recycling, and ecological protection and adaptation.
- The Climate Bonds Initiative included the bond in its database despite the inclusion of hydropower, as hydropower represents only 3% of the total proceeds and other allocations align with the CBI taxonomy and the PBoC catalogue.
- The bond's continued inclusion in the CBI database is conditional upon the actual use of proceeds meeting green bond definitions in future quarterly reports.
Cite the original document
- APA
- Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-12%20CN%20Chongqing%20Three%20Gorges%20Bank.pdf
- Chicago
- Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-12%20CN%20Chongqing%20Three%20Gorges%20Bank.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=31 December 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-12%20CN%20Chongqing%20Three%20Gorges%20Bank.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = dec, url = {https://www.climatebonds.net/files/drupal-files/files/2018-12%20CN%20Chongqing%20Three%20Gorges%20Bank.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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