The Dutch State Treasury Agency (DSTA) has published its sixth annual green bond report today. This report provides insights into the DSTA's Green Bond issuance and its impact through an allocation and impact report. By publishing the Green Bond Report, the State of the Netherlands demonstrates its continued commitment to a robust green capital market.
Green Bonds are bonds for which the funds raised are allocated to green- or climate related expenses and investments. The Green Bond Framework was last updated in 2023. Just over six years ago, the Netherlands was the first AAA sovereign to issue a green bond. Currently, the outstanding amount of Green DSLs is nearly € 25 billion. The DSTA has issued two Green Dutch State Loans. The current Green Bond Framework adheres to a very large extent to the EU taxonomy.
In 2024, the DSTA raised € 4.271 billion in the Green DSL 2044 through tap auctions
With these auctions, the total outstanding amount in green bonds is now € 24.9 billion. The funds raised through the green bonds are allocated by the Dutch State to climate-related expenses and investments, in accordance with the Green Bond Framework. This allocation has been independently audited and confirmed by the the Central Government Audit Service (Auditdienst Rijk) and second party opinion provider Moody’s. Moody’s has awarded the 2024 Green Bond Report with the label Best Practice, the highest possible score.
Green Dutch State Loans and the Green Bond Report
The outstanding green bonds are aligned with the ICMA Green Bond Principles. The DSTA strives to allocate to a diverse array of expenses and investments. Currently, these are renewable energy, energy efficiency, sustainable transport and climate adaptation and water management.
The Green Bond Report for 2024 presents an overview of the allocation and impact of the Green Bond issued in the tap auctions of the DSL 2044 in 2024. The Green Bond Report also includes various other subjects related to the Dutch Green Bond Programme and three case studies. New this year is the separate release of the allocation and impact tables from the report.