QFC Sustainable Sukuk and Bonds Framework

Laws and Policies

CCLW

CCLW national policies

Publication date

In 2022, the Qatar Financial Centre (QFC) developed a Sustainable Sukuk and Bonds Framework, which is based on the International Capital Markets Association (ICMA)’s Green Bond Principles (GBP) 2021, Social Bond Principles (SBP) 2021, and Sustainability Bond Guidelines (SBG) 2021. This framework would collectively, provide voluntary yet internationally accepted principles and guidelines for the issuance of such instruments.&nbsp;

The proceeds from any Sukuk / bonds must always be utilized solely for purposes that are aligned with the type of issuance (i.e. Green, Social or Sustainability) and provide clear environmental and/or social benefits.

The net proceeds from an issuance, can be used by way of investment in, financing and/or refinancing of eligible green and/or social projects. Examples of eligible green projects include:&nbsp;
(a)            Climate Change Adaptation or Mitigation (including efforts to make infrastructure more resilient to impacts of climate change, as well as information support systems, such as climate observation and early warning systems).
(b)            Pollution Prevention and Control (including reduction of air emissions, greenhouse gas control, soil remediation, waste prevention, waste reduction, waste recycling and energy/ emission-efficient waste to energy).
(c)            Renewable Energy (including production, transmission, appliances and products).
(d)            Sustainable Water and Wastewater Management (including sustainable infrastructure for clean and/or drinking water, wastewater treatment, sustainable urban drainage systems and river training and other forms of flooding mitigation).
(e)            Energy Efficiency / Green Technology (such as in new and refurbished buildings, energy storage, district heating, smart grids, appliances and products).
(f)             Circular Economy Adapted Products, Production Technologies, and Processes (such as the design and introduction of reusable, recyclable and refurbished materials, components, and products; circular tools and services).
(g)            Clean Transportation (such as electric, hybrid, public, rail, non-motorized, multi-modal transportation, infrastructure for clean energy vehicles and reduction of harmful emissions).
(h)            Green Buildings (that meet regional, national or internationally recognized standards or certifications for environmental performance or projects that reduce pollution, produce energy through renewable energy).
(i)              Environmentally sustainable management of living natural resources and land use (including environmentally sustainable agriculture; environmentally sustainable animal husbandry; climate smart farm inputs such as biological crop protection or drip-irrigation; environmentally sustainable).
(j)              Terrestrial and aquatic biodiversity conservation (including the protection of coastal, marine and watershed environments).

The QFC Sustainable Sukuk and Bonds Framework is a voluntary guideline that neither constitutes an offer to purchase or sell securities nor constitute specific advice of whatever form (tax, legal, environmental, accounting or regulatory) in respect of Green, Social or Sustainable Sukuk and Bonds or any other securities. Issuers opt to adopt and implement the framework voluntarily and independently.&nbsp;

Qatar Financial Centre Sustainable Sukuk and Bonds Framework 

Climate Change Laws of the World

Find climate change laws, policies, targets and other climate policy data and indicators for {text}, alongside information about their legislative process.

{text} climate laws and policies

The Climate Change Laws of the World database gives you access to national-level climate change legislation and policies from around the world.

Law and Policy Search

Quickly and easily search through the complete text of thousands of climate change law and policy documents from every country.

Search the Climate Change Laws of the World database

An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

Financial actors and resources that are primarily directed towards climate change mitigation, adaptation and compensation.

An enterprise or financial institution that is usually majority-owned, backed or significantly controlled by nation-state governments.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.