Framework Agreement for Delivery of Post-issuance review of Annual Report of Thematic Bond Issuers for Global Trust Fund on Sustainable Finance Instruments (Global)

Date documents can be requested until : 10 April 2025 16:00
Title : Framework Agreement for Delivery of Post-issuance review of Annual Report of Thematic Bond Issuers for Global Trust Fund on Sustainable Finance Instruments (Global)
Procurement No. : 100012369
Process : RFP
Description : GGGI is inviting eligible firms/entities to submit their proposals to conduct a post-issuance review of the allocation report and opine if the projects financed and reporting are in line with the issuer’s thematic bond framework and produce a post-issuance review report.

As a result of this RFP, GGGI plans to award at least two Framework Agreements (FWA) with the selected organization(s). The service provider is expected to deliver around ten (10) post-issuance review reports in total in the next 2 years.

PROJECT BACKGROUND:
GGGI, through the support of the Government of the Grand Duchy of Luxembourg, is delivering sustainable finance technical assistance to developing countries in Latin America & Caribbean (LAC), Africa and Asia. GGGI’s technical assistance consists of four interrelated outcomes:
1. National policy frameworks are enhanced: supporting financial regulators to develop sustainable finance regulatory frameworks and guidelines to mitigate perceived risks, lift barriers to sustainable finance implementation and promote alignment with international standards.
2. Capacity of prospective bond issuers enhanced: in collaboration with local and international partners, GGGI will deliver capacity building workshops and webinars to an estimated 400 sustainable finance experts from issuers, stock exchanges and financial regulators. Country-level capacity building will be complemented by international learning networks, providing a platform for capital market actors across prioritized geographies to receive specialized training, share lessons learned, and recommendations.
3. USD 2 billion mobilized for Nationally Determined Contributions (NDC) and Sustainable Development Goals (SDG) activities via thematic bond issuances: delivering credit-enhancement, pre- and post-issuance support to prospective green, social and sustainability bond issuers. GGGI will support issuers from developing countries develop ambitious issuance strategies, bond frameworks, processes for projects evaluation and selection, impact reporting and management of proceeds. Following the issuance, GGGI will support issuers by preparing impact and allocation reports to ensure transparent monitoring and reporting of environmental and social benefits.
4. Program knowledge is shared: promoting knowledge through participation in events and development of case studies. The project will leverage its broad base of beneficiaries to collect recommendations and share these with International Capital Market Association (ICMA)’s members and other relevant stakeholders.

Thematic bonds play a key role in financing the transition to a resilient low-carbon society. To promote the development of the regional thematic bond markets, GGGI will collaborate with prospective issuers (sovereign/sub-sovereign governments, public/private sector institutions who are eligible to issue bonds) from LAC, Africa and Asia to facilitate thematic bond issuances in domestic and international markets. GGGI technical assistance includes the development of Thematic Bond Framework defining issuers:
- Use of Proceeds
- Process for projects identification and selection
- Process for management of proceeds
- Monitoring and reporting commitments

PROPOSED ACTIVITIES:
For each of the post-issuance reviews, the general assignment activities the Service Provider shall deliver include the following Deliverables:
a. Deliverable 1: Draft post-issuance review report in English
b. Deliverable 2: Final post-issuance review report in English
c. Deliverable 3: Translation of the report to regional language (if needed)

For further details on the Scope of Work, please refer to the Terms of Reference available under the published Document Set.

IMPORTANT TIMELINES:
The tender submission deadline is 10 April 2025, 16:00 pm KST (Korean Standard Time) / 7:00 am GMT..
Note: If any bidder has any request for clarification on the TOR or any part of the tender documents, GGGI will be happy to clarify if the request is received on or before 7 days before the deadline (namely: if the tender submission deadline is 16:00 15 April KST, then the due date for submission of request for clarification is 16:00 8 April KST).

Interested parties will be required to register their details on the GGGI e-Green Procurement Portal (https://in-tendhost.co.uk/gggi).

HOW TO OBTAIN THE DOCUMENTS:
Documents can be accessed via the e-Green Procurement Portal by selecting ‘View Details’ on the relevant notice and then clicking the ‘Tender Application’ button. If you are a new supplier, you will be required to register your details. If you have an existing account, you will need to login to the portal. Please refer to the guidance documents under the `Supplier Guidance` area of the portal for further information.

ONLINE TENDER MANAGEMENT:
Once in the Tender Management Area for the tender, there are five possible tabs: ‘Tender’, `Tender Documents`, ‘Correspondence’, ‘Clarifications’ and ‘History’. Select the 2nd tab (`Tender Documents`) where you will find useful information regarding the RFP. Scroll down to the heading ‘Tender Documents Received’ where you will be able to view / download the documents.

OPTING IN & OPTING OUT:
Please note that you may be required to ‘Opt In’ before you can start populating your response. The ‘Opt Out’ functionality will also be available throughout the duration of the tender process. Opting out will give you the option of declaring you no longer want to receive any further communication in relation to this tender along with the opportunity of providing comments and feedback for this decision. You can choose to ‘Opt In’ at any time during the tender process if you initially decided to ‘Opt Out’.

SUBMITTING YOUR RESPONSE VIA THE PORTAL:
Please note that you may be required to ‘Opt In’ to be able to submit a response through the portal. Tenderers will be required to upload any mandatory Placeholders (i.e. specified documents) within the `Tender Documents` tab. The ability to attach additional documents may also be available. Your proposal will not be submitted until you click `Submit Return`, located towards the bottom of the screen. On clicking `Submit Return`, you will receive a receipt confirming that your proposal has been submitted to GGGI.
Please read Instructions on How to submit the Proposal.

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