Project Details
Project
Banobras Sustainability Bond Second Opinion (English)
Client
Banobras
Project Type
Sustainability Bond/Loan
Industry Group
Banks
Use of Proceeds
Clean transport; Affordable basic infrastructure; Renewable energy; Energy efficiency; Water/waste water management; Pollution prevention and control;
Location
Mexico
Evaluation Date
Aug 2017
Evaluation Summary
In this Sustainability Bond Second-Party Opinion, Sustainalytics provides an opinion on the credibility of bonds to be issued based on the issuer’s sustainability bond framework. Projects eligible for sustainability bond financing should have either a positive environmental impact or aim for positive societal outcomes.
As an expert in corporate environmental, social and governance research, ratings and data, issuers and investors turn to Sustainalytics’ opinions for assurance that the bonds to be issued will have a positive environmental and societal impact.
The Second-Party Opinion report includes an evaluation of:
- The issuer’s overall ESG performance and sustainability
- The intended use of proceeds and their eligibility with industry guidance (i.e., ICMA’s Sustainability Bond Guidelines)
- The issuer’s plan to manage fund proceeds
- The issuer’s planned reporting on the allocation of proceeds.