More and more companies are financing their green investments by issuing green bonds, including ones producing clean energy, increasing energy efficiency and developing infrastructure, so the green bond market in Hungary has seen a surge in recent years.
Social bonds have recently become a growing part of sustainability bond issuances. The market for bonds that finance social objectives such as socio-economic progress, food security and affordable housing, is still emerging in Hungary, so we help our clients navigate in this market, provide support to define the appropriate social objectives, as well as to achieve transparency and compliance.
With our comprehensive and complex support, our clients can issue bonds and obtain certification in a transparent manner, in compliance with one of the sustainability bond frameworks (ICMA Green Bond Principles/Social Bond Principles, CBI Climate Bond Standard, EU Green Bond Standard).
Key services:
- Support the choice of financing method to suit business objectives
- Prepare a cost-benefit analysis of financing options
- Support the selection of an appropriate rating framework for a specific investment objective
- Develop the company’s own sustainability bond framework
- Provide a full financial advisory service for the issuance of sustainability bond
- Assurance
Our services for the financial sector:
- Summarize the requirements of incentives supporting sustainable financing (e.g. MNB capital requirement allowances), perform an organization-specific materiality analysis
- Outline the data collection and reporting requirements related to sustainable financing frameworks, support the integration of these into processes
- Review the sustainable finance processes, provide support for internal audit