Development Bank of Kazakhstan JSC

Unverified
XFID Unique Identifier for Development Bank of Kazakhstan JSC: XOH31EQURC
Country
KZ
Sector
Solar Wind
Website
www.sustainablefitch.com
2 Second Party Opinions
1 Assurance Report
1 Certification
XFID Type Title Year Source Retrieved
XF-VWFO155-4 Assurance Report Post-Issuance Verification DBK 2024 gfc.aifc.kz 31 Mar 2026
XF-936EUML-X Second Party Opinion Development Bank of Kazakhstan JSC - Second-Party Opinion 2024 www.sustainablefitch.com 30 Mar 2026
XF-DE2NUP2-D Second Party Opinion Development Bank of Kazakhstan JSC - Post-Issuance Review 2025 www.sustainablefitch.com 30 Mar 2026
XF-HTWIAZ2-1 Certification Development Bank of Kazakhstan JSC — UoP Verifier Report (Solar Wind) 2023 www.climatebonds.net 13 Mar 2026

Press Coverage (1)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE U Extraterritorial Organisations

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Development Bank of Kazakhstan JSC, Kazakhstan Post-Issuance Review 2025
Issuer sector/industry classification
Extraterritorial Organisations Company metadata
Issuer type
Development bank Second-Party Opinion 2024

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Green and Sustainable Financing Framework, published April 2024, updated June 2024 Post-Issuance Review 2025
Bond types covered under framework
Green, Social and Sustainability (GSS) instruments Post-Issuance Review 2025
Framework publication date and update history
April 2024, updated June 2024 Post-Issuance Review 2025
Eligible use-of-proceeds categories
14 categories contributing to environmental and social objectives aligned with ICMA Green Bond Principles 2021, Social Bond Principles 2023, Sustainability Bond Guidelines 2021, and Loan Market Association principles Second-Party Opinion 2024
Reporting commitments under framework
Impact reporting aligned with ICMA Harmonised Framework for Impact Reporting Post-Issuance Review 2025

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with ICMA Green Bond Principles 2021 Second-Party Opinion 2024
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Aligned with ICMA Social Bond Principles 2023 and Sustainability Bond Guidelines 2021 Second-Party Opinion 2024
Alignment with Climate Bonds Standard
Aligned with Climate Bonds Standard Version 4.0 and 4.2 Post-Issuance Verification 2024
Alignment with UN Sustainable Development Goals
Direct contribution to UN SDGs assessed Post-Issuance Review 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainable Fitch, September 2025 Post-Issuance Review 2025
SPO assessment scope and methodology
Use of proceeds allocation, framework alignment, impact reporting disclosure, impact metrics alignment with ICMA Framework, UN SDG contributions Post-Issuance Review 2025
Assurance provider name and engagement period
Sustainable Fitch (Post-Issuance), AIFC Green Finance Centre Ltd. (Pre-Issuance) Post-Issuance Review; Verification Report 2025
Assurance level
Limited assurance (pre-issuance); Non-assurance post-issuance review Post-Issuance Review; Verification Report 2025
Assurance scope
Use of proceeds allocation, project selection and nomination, reporting metrics, Climate Bonds Standard compliance, Wind and Solar Sector Eligibility Criteria Post-Issuance Verification; Verification Report 2024

Issuance Details

Bond issuance date
April 2024 Post-Issuance Review 2025
Bond instrument type
Green and Sustainable Bond / Certified Climate Bond Green Bond Post-Issuance Verification; Post-Issuance Review 2024

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name and version
2023 Green Bond Framework
2024 Sustainability Framework
Bond types covered under framework
2023 Green bond
2024 Green bonds, Social bonds, Sustainability bonds
2025 Green, Social and Sustainability (GSS) instruments
Eligible use-of-proceeds categories
2023 Wind energy and solar power projects
2024 14 categories including renewable energy, clean transportation, and green buildings
Project evaluation and selection process description
2023 Process carried out in accordance with Bank's internal regulations on review, financing, monitoring and implementation of investment projects, and its Green Bond Framework
2024 Multi-layered process with involvement of relevant structured divisions and a credit committee; recommendation to involve sustainability experts
Bond instrument type
2023 Green bond
2025 Green and Sustainable Financing bond
Assurance provider name
2023 AIFC Green Finance Centre Ltd. (GFC)
2024 Green Finance Committee (GFC)
Assurance level
2023 Limited assurance
2025 Not limited or reasonable assurance
Assurance scope
2023 Conformance with Climate Bonds Standard Version 4.0 and sector-specific Wind and Solar Sector Eligibility Criteria
2025 Use of proceeds allocation and impact reporting assessment
Bond issuance date
2024 December 2023
2025 April 2024
SPO assessment scope
2024 Use of proceeds alignment with ICMA principles, green and social categories, evaluation and selection process, proceeds management, allocation and impact reporting
2025 Post-Issuance Review covering allocations disclosure, framework alignment, impact reporting metrics, and UN SDG contributions