The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.
With LOAN-169a we defined the concept of a sustainability-linked loan, including KPIs and related performance targets. Transition loans, however, are green loans designed to fund green projects that qualify as transition projects, meaning transition away from fossil and other non-sustainable fuels, or reduction in methane production, and the like.
This issue is designed to add those elements currently missing such that we can, at least at a high level, represent a transition loan.
With LOAN-169a we defined the concept of a sustainability-linked loan, including KPIs and related performance targets. Transition loans, however, are green loans designed to fund green projects that qualify as transition projects, meaning transition away from fossil and other non-sustainable fuels, or reduction in methane production, and the like.
This issue is designed to add those elements currently missing such that we can, at least at a high level, represent a transition loan.