AIFC documents on sustainable finance

AIFC documents on sustainable finance

Methodological Guidance on the Application of the "Green" Taxonomy of Kazakhstan
 
In view of the substantial demand from users of Kazakhstan's Green Taxonomy for explanatory guidance on its application, the AIFC and the Ministry of Ecology and Natural Resources of the Republic of Kazakhstan have jointly developed Methodological Guidance on the Application of the Taxonomy (hereinafter referred to as the Methodological Guidance) for stakeholders (state and local executive bodies, financial institutions, public organizations, businesses and other entities) in green financing, including the issuance of green bonds and green lending, as well as in measures of financial support of businesses in implementing green projects aligned with the Taxonomy.
 
The purpose of the Methodological Guidance is to increase awareness of market participants about approaches to using the Taxonomy in key areas of its application, taking into account the current regulatory policy and international practices, as well as to assist market participants in its practical usage.
 
Methodological Guidance is also available on the website of the Ministry of Ecology and Natural Resources of the Republic of Kazakhstan: В Казахстане обновлена Таксономия «зеленых» проектов
 

 

AIFC’s Statement of Commitment to Sustainable Finance Principles

The AIFC declared its commitment to the principles of sustainable financing, which contribute to strengthening and actively encouraging stakeholders to harmonize their activities with the priorities of sustainable development of Kazakhstan.
These principles are voluntary and represent the first stage of the AIFC's work as part of the implementation of ESG reporting for companies listed on the AIX.

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Concept on introduction and development of green finance instruments and principles

This project was established to assist the AIFC scope, conceptualize and initiate development of a domestic green financial system. Given its unique regulatory status, strong mandate for green finance development and the high political priority on achieving success, the AIFC is well placed to play a central, coordinating role

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The Strategy of ensuring regional leadership of the AIFC in the sphere of green finance until the year 2025 (2017, Astana)

In accordance with the 2030 Agenda for Sustainable Development based on the UN Sustainable Development Goals (SDG), the Republic of Kazakhstan aims to achieve a just, rights-based, equitable and inclusive world. Well-timed steps taken on the introduction of elements of sustainable development into the strategic plans for the development of the Republic will allow Kazakhstan to enter a new stage of forming a sustainable future and become a leader in the region. Taking into account the created favorable conditions and the geographic position of Kazakhstan, the AIFC should become a regional hub of green finance promoting the development and management of green financing instruments in the Central Asian and Eastern European region, linking the best world practices of the West and the East.

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AIX Green Bonds Rules

This Rules form part of the AIX Rules and apply to Issuers. The Rules are designed to facilitate a liquid AIX Market, to protect the interests of Issuers and investors, and to protect the integrity of the AIX Market and the AIFC community.

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Green Finance in Kazakhstan (2017, brochure)

AIFC is planning to develop green financial instruments. Today we see the rapid development and reorientation of the economy towards clean technologies. In this regard, the high-tech platform of Astana Expo-2017 will provide a physical infrastructure for research in the field of green technologies while AIFC can participate in its financial component.

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AIFC Green Finance Centre (2019, brochure)

AIFC is a financial hub for Central Asia, the Caucasus, EAEU, the Middle East, West China, Mongolia and Eastern Europe. It operates within a special legal regime based on Common Law and is aimed at the development of the financial market. The AIFC Green Finance Centre provides the development of green finance policies and green finance tools.

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