A Second Party Opinion (SPO) is an independent assessment provided by a qualified external organization evaluating the sustainability credentials and alignment of a green, social, or sustainable bond or loan with recognized frameworks. It helps investors verity that the proceeds will be used for genuinely sustainable purposes.
Second Party Opinion
Flanders appointed Sustainalytics(opens in new window) to provide a Second Party Opinion (SPO).
Sustainalytics declares Flanders’ Sustainability Bond Framework credible and impactful. The framework aligns with the Sustainability Bond Guidelines 2018(PDF file opens in new window).
Evaluation summary
The most important findings of Sustainalytics are:
Aligned with principles and guidelines
The use of proceeds categories are aligned with those recognised as impactful by the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines.
Environment, housing and education
The financed activities contribute to reduced GHG emissions and waste in Flanders, affordable housing and increased access to education.
Target populations and indicators reporting
All social categories have well defined target populations. Flanders aims to report on social and environmental impact indicators for each category.
Innovation and scalability of circularity
The inclusion of innovation and scalability as criteria for project selection for the circular economy related projects.
More information
Want to know more? Learn everything about it in our Second Party Opinion (SPO).