Sustainable Finance Framework
We have developed a Sustainable Finance Framework to enable Severn Trent Plc and its subsidiaries to undertake future debt issues in a sustainable format.
This Framework is based on existing international standards:
- The Green Bond Principles (“GBP”), Social Bond Principles (“SBP”) and Sustainability Bond Guidelines (“SBG”) as published by the International Capital Market Association (“ICMA”) in June 2018
- The Green Loan Principles (“GLP”) and Sustainability Linked Loan Principles (“SLLP”) as published by the Loan Market Association (“LMA”) in March 2018 and March 2019
In line with these Principles, the Framework is presented through five key pillars:
- Use of Proceeds
- Process for Project Evaluation and Selection
- Management of Proceeds
- External review
DNV-GL has acted as our Second Party Opinion provider.