Green Bond Progress Report Extract Cim Finance’s Commitment to sustainable finance In January 2022, Cim Finance issued the first Green Bond in the Mauritian International Financial Centre (IFC), reinforcing its commitment to driving sustainability through innovative financial instruments. Cim Finance’s Green Bond Framework was developed in line with the guidelines published by the Financial Services Commission (FSC), which are in line with the International Capital Market Association (ICMA) Green Bond Principles. What is a Green Bond? A Green Bond is a financial instrument designed to raise funds for projects that deliver clear environmental benefits, such as reducing greenhouse gas (GHG) emissions, promoting renewable energy, or supporting sustainable transport. The funds raised are earmarked exclusively for environmentally beneficial projects, with transparent reporting and accountability mechanisms. Cim Finance’s Green Bonds have so far financed projects such as electric and hybrid vehicles and renewable energy systems, demonstrating how sustainable finance can directly contribute to reducing carbon emissions and promoting clean energy. As of 30 September 2024, CFSL has raised MUR 2.0bn under this framework, marking significant milestones, including being the first company to list a Green Bond on the Stock Exchange of Mauritius (SEM). This move not only set a precedent for green financing in Mauritius but also demonstrated growing investor confidence in aligning investments with environmental and social priorities. Amount Raised & Disbursed 1 600 1 400 1 200 1 000 800 600 400 200 MUR M Portfolio distribution of 376 vehicles Plug-in-Hybrids 11% Electric 20% Hybrids 69% From January 2024 to September 2024 January 2023 to 30 September 2024 Year 2022 Raised Disbursed 1,179 1,500 342 500 Key Environmental Performance Indicators - January 2024 to September 2024 The table represents the GHG avoided in CO2e and the Carbon Intensity of the Green Bond. The carbon emissions are calculated only for the stage of use of the funded projects. The carbon intensity serves as a key indicator in lease approval decisions. Project Category per CFSL Green Bond Framework GHG emissions avoided (KgCO2e) per year Carbon intensity of the bond (KgCO2e/Rs) using disbursement # of projects sold per category Renewable Energy 15,250 0 3 Energy Efficiency N/A N/A N/A Clean Transportation 547,171 0.00092 376 Green Buildings N/A N/A N/A Sustainable Agriculture N/A N/A N/A 69 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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