Flanders set up a Sustainability Bond Framework in 2018 to become an issuer of Sustainability Bonds. Since then, Flanders has been a relatively frequent issuer on the Sustainability Bond Market.
Flanders’ Sustainability Bond Framework complies with the 4 components of ICMA’s Sustainability Bond Guidelines 2018:
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- Use of Proceeds
- Process for Project Evaluation and Selection
- Management of Proceeds
- Reporting