The Kingdom of Spain’s Green Bond Framework, published in July 2021, is the document that compiles the main elements surrounding the issuance of green bonds by the Spanish Treasury. The framework follows the Green Bond Principles of the International Capital Markets Association (ICMA), and it also has a Second Party Opinion (SPO) by Vigeo Eiris, in accordance with best market practices. The SPO has awarded the Kingdom of Spain’s Green Bond Framework with the highest possible rating.
As well as including the main environmental commitments of the Kingdom of Spain’s Green Bond Program, the Framework also defines:
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Use of the funds raised.
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Evaluation and selection of eligible spending.
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Management of the funds raised.
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Information for investors.
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External review processes.
