Request for proposals for Technical Assistance for Development of The Bank Green Bond Framework and Issuance Readiness Description : Gggi Papua New Guinea Country Office is Inviting Eligible Consulting Firms or a Consortium of Firms to Submit Their Proposals for the following Scope of Work: Project Background: Papua New Guinea (Png) is Strengthening its Sustainable Finance Ecosystem through Initiatives Led by the Green Finance Centre (Gfc), a Department at the Bank of Papua New Guinea (Bpng), including the Development of PngS Inclusive Green Finance Taxonomy, Green Bond Guidelines, Social Bond Guidelines, Sustainability Bond Guidelines and Environment and Social Risk Management Guidelines (Esrm). These Initiatives Aim to Enhance Capital Mobilization towards Climate and Sustainable Development Priorities through the Financial Sector. Gggi is Supporting Sustainable Finance Development in Papua New Guinea in Alignment with: PngS Inclusive Green Finance Taxonomy PngS Green Bond Guidelines PngS Social Bond Guidelines PngS Sustainable Bond Guidelines BpngS Esrm Integration Framework A Commercial Bank (the Bank) has Expressed Interest in Exploring the Issuance of a Green Bond to Mobilize Climate Capital, with a Primary Focus on the Papua New Guinea Domestic Market and Local Investors, While Allowing for Potential International Participation Where Appropriate. The Objective is to Develop a Green Bond Framework Tailored to PngS Market Context, While Aligning with International Best Practices. As a First Step, the Bank Seeks to Develop a Credible and Implementable Framework that Meets Investor Expectations and Regulatory Requirements. The Framework will Define Eligible Green Asset Categories, Governance Procedures for Project Evaluation and Selection, Allocation and Management of Proceeds, and Reporting Commitments in Line with Png Green Bond Guidelines and the International Capital Market Association (Icma) Green Bond Principles (Gbp). Gggi, in Coordination with Gfc and the Bank, will Provide Technical Assistance to Support the Development of an Issuance-Ready Green Bond Framework and the Identification of an Initial Portfolio of Eligible Green Assets to Underpin a Future Green Bond Issuance. 1) Market Context Globally, Green Bonds have Become an Important Instrument for Mobilizing Capital toward Climate and Environmentally Sustainable Investments. The Development of a Robust Green Bond Framework is Therefore a Critical First Step in Enabling Financial Institutions to Access Sustainable Debt Capital Markets and Attract Institutional Investors Seeking Climate-Focused Investment Opportunities. The Assignment shall Prioritize Domestic Capital Market Considerations and Alignment with Png Regulatory and Market Conditions, including Local Investor Participation. 2) Objective The Objective of this Assignment is to Engage an Experienced Consulting Firm (the Consultant) to Support the Bank in Developing a Publicly Disclosed, Issuance-Ready Green Bond Framework Aligned with Papua New GuineaS Green Bond Guidelines and the International Capital Market Association (Icma) Green Bond Principles. Specifically, the Consultant will: 1. Conduct an Institutional Readiness Assessment of the Bank. 2. Develop a Comprehensive Green Bond Framework Defining Eligible Green Project Categories, Governance Procedures for Project Evaluation and Selection, Management of Bond Proceeds, and Reporting Commitments. 3. Identify and Assess an Initial Portfolio of Eligible Green Assets that may Underpin a Future Green Bond Issuance, Aligned with the PngS Inclusive Green Finance Taxonomy. 4. Prepare Documentation Required to Support the Review and Issuance of a Second Party Opinion (Spo) and Investor Disclosure. The Assignment is Expected to Result in a Publicly Disclosed Green Bond Framework and Supporting Documentation that will Enable the Bank to Pursue a Potential Green Bond Issuance. It will Also Support the Bank in Establishing the Institutional and Technical Foundations Required for Credible Participation in Sustainable Capital Markets. 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 20 may 2026, 16:00 Kst (Korean Standard Time) / 7:00 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 20 may Kst, then the Due Date for Submission of Request for Clarification is 16:00 13 may 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. 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