NTMA announces the publication of the second Irish Sovereign Green Bond (ISGB) Allocation Report and the first Impact Report

28 July 2020 – The National Treasury Management Agency (NTMA) announces the publication of the Irish Sovereign Green Bond Allocation (ISGB) Report for the year ending 2019, and the Impact Report for 2017/2018.

The allocation report details the €1,969 million allocated to eligible green projects from the available proceeds of €3,293 million outstanding at end-2019. The unallocated amount of €1,324 million will be available for allocation in 2020.

The Impact Report is the first annual impact report issued in accordance with the ISGB Framework. It details the environmental impact measures connected with the first allocation report which covers the years 2017 and 2018 spread across the six eligible green categories:

• Built Environment/Energy Efficiency
• Clean Transportation
• Climate Change Adaptation
• Environmentally Sustainable Management of Living Natural Resources and Land  Use
• Renewable Energy
• Sustainable Water and Wastewater Management

Both reports released today have been reviewed by Sustainalytics which found them to be in compliance with the ISGB Framework.

Both reports and an excel file of the Impact Report are available here.

Note:

ISGBs are designed to provide investors with the financial features of a standard Irish Government Bond combined with sovereign green bond market practices. ISGB proceeds are paid into the Central Fund as with standard Government bonds. The proceeds from ISGBs are allocated against Eligible Green Projects which generate a positive environmental benefit. There is €5 billion of ISGBs outstanding.

Issued on behalf of the NTMA by

David Clerkin