PIF Green Bond Impact Assessment Framework

This technical report details the PIF Green Bond Impact Assessment, aligned with the PIF Green Finance Framework, which aims to finance projects that mitigate climate change and promote environmental sustainability. The Framework categorizes eligible projects into emissions reduction, emissions reuse or recycling, and emissions removal. The report outlines the PIF's issuance of green bonds totaling USD 9 billion, supporting Saudi Arabia's Vision 2030 strategy and commitment to achieving net-zero emissions by 2060. It describes the reporting principles that the PIF adheres to, including transparency and independent reviews, while providing assurance on the allocation of proceeds from the green bonds. The document also identifies various eligible project categories, such as renewable energy, energy efficiency, and sustainable water management, highlighting the expected environmental impacts and greenhouse gas reductions from these projects. This assessment serves as a basis for understanding the effectiveness of PIF's investment strategy in contributing to climate action and sustainable development goals.