Grupo Financiero Banorte has received a Second-Party Opinion from Sustainalytics confirming that its Sustainability Finance Framework is aligned with the Green Bond Principles 2021 and the Social Bond Principles 2023. The framework governs Banorte's issuances of green, social, and sustainability-labelled bonds.
The Second-Party Opinion process involves an independent review by a recognised ESG research provider of whether an issuer's framework meets the core components of applicable market standards: use of proceeds, project evaluation and selection, management of proceeds, and reporting.
ELIGIBLE CATEGORIES SPAN ENVIRONMENTAL AND SOCIAL PROJECTS
Banorte's framework, as evaluated by Sustainalytics, covers a range of eligible project categories spanning both environmental and social dimensions. On the environmental side, qualifying uses of proceeds include renewable energy generation, energy efficiency improvements, green buildings meeting recognised certification standards, and clean transport infrastructure. Social eligible categories include affordable basic infrastructure, access to essential services, affordable housing, food security and socioeconomic advancement.
ICMA PRINCIPLES
The Green Bond Principles and the Social Bond Principles are published by the International Capital Market Association.
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