Second-Party Opinion Download

Sustainalytics is of the opinion that the Macquarie University Sustainability Financing Framework is credible, impactful, and aligns with the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines 2018 as well as the Green Loan Principles 2018. This assessment is based on the following:

USE OF PROCEEDS

The seven eligible categories for the use of proceeds are aligned with those recognized by both the Green Bond Principles and Social Bond Principles. Sustainalytics considers the range of eligible projects to have positive environmental and social impacts and to advance the UN Sustainable Development Goals.

PROJECT EVALUATION/SELECTION

Eligible projects are reviewed and selected by a dedicated Sustainability Financing Working Group, consisting of relevant teams, and approved by the University Council. The University has sufficient oversight in ensuring projects selected meet the Use of Proceeds criteria, as aligned with current market practices.

MANAGEMENT OF PROCEEDS

Eligible projects are tracked in a Sustainability Financing Projects Register which includes relevant information on each transaction. All transactions will be earmarked for allocation against the eligible projects and any unallocated proceeds will be invested according to the University’s Investment Policy. The University’s disclosure and processes with respect to management of proceeds is in line with market practices.

REPORTING

Macquarie University commits to disclosing a comprehensive allocation and impact report on the company’s website annually comprising relevant transaction information along with environmental and social impact metrics. Sustainalytics views the University’s commitment to engage with an External Review Provider for its Annual Report as aligned with current market best practices.