ADB has invested 41 million Georgian lari in Tegeta Holding's sustainability-linked bonds, marking a significant advancement in sustainable transport financing in Georgia.

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Tegeta Holding, a leader in the automotive industry in Georgia, has successfully issued the country's first sustainability-linked bonds (SLBs) with the backing of the Asian Development Bank (ADB). This issuance, amounting to 41 million Georgian lari (approximately $15.2 million), aims to facilitate the company's transition towards more sustainable transport solutions. These bonds tie financial incentives to the firm’s commitment to separate environmental and social goals, which include modernizing their vehicle fleet to reduce carbon emissions and enhancing their environmental, social, and governance (ESG) standards.

Tegeta has already established its reputation as an innovator by launching Georgia’s first local currency green bonds in 2023, showcasing its commitment to sustainable practices. This recent endeavor underscores Tegeta's mission to pioneer sustainable transport solutions across the South Caucasus region, particularly in Georgia and Armenia.

Industry Overview in Georgia

The automotive industry in Georgia is witnessing a significant transformation characterized by increased demand for low-emission and sustainable transport solutions. As environmental awareness grows globally, industries are adopting inn