As Moody’s ESG Solutions announced today, VE has prepared a second party opinion (SPO) for Desjardins’ sustainable bond framework. The framework is used to finance and refinance projects related to eight environmental and three social categories, including renewable energy, green buildings and affordable housing. According to VE, the framework is based on the four core components of the Green Bond Principles (2018) and Social Bond Principles (2020).
“We believe that bonds issued through this framework will make an expanded contribution to sustainability goals as we see significant and consistent evidence that proceeds will be directed to environmental and social projects across Canada and many emerging markets,” said Patrick Misbagel, Managing Director. Director – Sustainable Finance at Moody’s ESG Solutions. “We expect to increase sustainability efforts in North America to meet increasing global regulatory requirements and support progress toward a more sustainable future.”