Green, Social and Sustainability Bond Framework To meet this commitment, through the financing of projects that will deliver environmental and social benefits, CDP has established a Green, Social and Sustainability Bond Framework in 2017 and periodically updated it to ensure alignment with market standards. The current “Green, Social and Sustainability Bond Framework” (the “Framework”), provides the updated Eligibility Criteria for the issuance of Green, Social and Sustainability bonds in accordance with the latest "Green Bond Principles (GBP)", "Social Bond Principles (SBP)", and the "Sustainability Bond Guidelines (SBG)" published by the International Capital Market Association (ICMA). In line with international best practices, the Framework has been reviewed by ISS-Corporate which released a Second Party Opinion on the alignment to the ICMA Principles.
ESG Bond formats As outlined in the Use of Proceeds section of the Framework, CDP can issue three types of bonds: Green Bond: to finance or refinance, in whole or in part, new and/or existing Eligible Green Assets; Sustainability Bond: to finance or refinance, in whole or in part, new and/or existing Green and Social Eligible Assets; Social Bond: to finance or refinance, in whole or in part, new and/or existing Eligible Social Assets.
Eligible Green Assets Eligible Green Assets aim to achieve positive environmental impacts, encompassing efforts to mitigate climate change, support energy transition, and promote environmental sustainability. The Eligible Green Categories outlined in the Green, Social and Sustainability Bond Framework include: Renewable Energy, Energy Efficiency, Pollution Prevention and Control, Environmentally Sustainable Management of Natural Resources and Biodiversity, Clean Transportation, Sustainable Water and Wastewater Management, Circular Economy, Climate Change Adaptation
Eligible Social Assets Eligible Social Assets are designed to foster employment and economic growth, especially in SMEs and in economically underperforming areas, as well as facilitating access to essential services, such as public education and to affordable housing and promoting urban regeneration. The Eligible Social Categories outlined in the Green, Social and Sustainability Bond Framework include: Socioeconomic Advancement and Empowerment and Employment Generation, Affordable Housing, Affordable Basic Infrastructure, and Access to Essential Services