Gulf Energy Development Public Company Limited (“GULF”) recognizes the importance of sustainability and environmental impact management with aim to delay the impacts of climate change and its consequences on the economy along with the quality of life of everyone in the society. As part of such initiatives, the company has embraced the concept of the WORLD: Waste management (Waste Management and reduction of Greenhouse Gas Emission), Operational eco-efficiency (Increasing operational efficiency to reduce energy and resource use), Resource management, Local impact (monitoring of community impact and sharing resource planning with the community), and Development & conservation (a project to raise awareness about climate change)

In this regard, GULF has established its Green Financing Framework to be in accordance with the International Capital Markets Association (ICMA)’s Green Bond Principles (GBP) 2021 and the ASEAN Capital Markets Forum (ACMF)’s ASEAN Green Bond Standards (ASEAN GBS) 2018 and the Green Loan Principles (GLP) 2021 issued by the Loan Market Association (LMA) / Asia Pacific Loan Market Association (APLMA). With this, a second-party opinion provider has engaged in the evaluation of such framework in order to verify that the Green Financing Framework complies with such global standards as well as best practices in the market.

Additionally, GULF will review its Green Financing Framework to ensure it is up to date and will disclose any significant changes on this page. Allocation Report will also be published here on an annual basis until the proceeds from issuing the green bonds have been fully allocated.