The Global Green Growth Institute (GGGI) organized two workshops that provided participants from financial institutions in Cambodia with knowledge and skills on financial instruments and strategies for sustainable bond issuance. The workshops were organized as part of the Cambodia Sustainability Bond Accelerator (CSBA) programme.
Training 1: KPI and impact reporting for thematic bonds
On 25 August 2023, GGGI conducted the first training on key performance indicators (KPIs) and impact reporting related to thematic bonds issued by the Sustainable and Renewable Energy Corporation (SERC) and the Cambodia Securities Exchange (CSX) at SERC's office. The 31 participants, including government officials and private sector representatives, explored the intricacies of thematic bonds, impact measurement, reporting frameworks and communication strategies.
Participants indicated that their understanding of thematic bonds and their importance has improved by 76-100% and that they will apply the knowledge gained in their professional roles. This underlines the programme's alignment with Cambodia's green growth and climate change goals and the value of the training.
Training unit 2: Modelling bond prices and development frameworks
Continuing its commitment to training financial institutions, GGGI organized a second training session focusing on bond pricing modelling and the development framework. The six participants were given insights into sustainable bond issuance. The training led to varying but notable improvements in understanding the stages of bond issuance and labelling. Participants reported an increase in knowledge of between 51% and 75%.
The CSBA programme's commitment to supporting issuers in developing thematic bond frameworks and capacity building is seen as an important contribution to strengthening the sustainable finance landscape in Cambodia. The outcomes of these trainings contribute directly to the regional environmental and social goals and are in line with the global sustainable development agenda.
Close to 90% of the participants reported a significant increase in knowledge, ranging from 25-50%. This underlines the success of the programme in equipping finance professionals with the tools they need to drive the sustainable finance landscape in Cambodia.
The ongoing efforts of the CSBA programme are a notable step towards achieving the global Sustainable Finance Goals and mark Cambodia's progress in green growth and responsible finance practices.
