Project Details
Project
Grupo Bimbo Sustainable Financing Framework Second-Party Opinion (2023)
Client
Grupo Bimbo, S.A.B. de C.V
Project Type
Sustainability Linked Bond or Note; Green Bond/Loan;
Industry Group
Food Products
Use of Proceeds
Green buildings; Renewable energy; Clean transport; Energy efficiency; Pollution prevention and control; Natural resources/land use management; Eco-efficient products; Water/waste water management;
Location
Mexico
Evaluation Date
Apr 2023
Evaluation Summary
Use of Proceeds Instruments
Green Bond Principles 2021 and Green Loan Principles 2023
Sustainalytics is of the opinion that the Grupo Bimbo Sustainable Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021, and Green Loan Principles 2023 (the “Use of Proceeds Principles”). The eligible categories for the use of proceeds – Green Buildings, Renewable Energy, Clean Transportation, Energy Efficiency, Pollution Prevention and Control, Sustainable Agriculture and Sustainable Management of Living Natural Resources, Eco-Efficient Products, and Sustainable Water and Wastewater Management – are aligned with those recognized by the Use of Proceeds Principles and are expected to lead to positive environmental and social impacts.
Sustainability-Linked Instruments
Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2023
Sustainalytics is of the opinion that the Grupo Bimbo Sustainable Financing Framework aligns with the Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2023 (the “Sustainability-Linked Principles”).