According to best market practices, Flanders has set up a Sustainability Bond Framework.
Flanders’ Sustainability Bond Framework describes the associated procedures. This framework follows the four components of ICMA’s Sustainability Bond Guidelines 2018:
- Use of Proceeds;
- Process for Project Evaluation and Selection;
- Management of Proceeds;
Sustainalytics is the second Opinion Provider of Flanders.
Allocation reporting will be available to investors within approximately one year from the date of the bond issuance, and annually thereafter until full allocations of the net proceeds. The report will be published here.
Flanders will use this Sustainability Bond Framework for programmatic issuances and plans to become a frequent issuer on the Sustainability Bond Market.