Second Party Opinion
Second Party Opinion acts as a first barrier against greenwashing by allowing you to differentiate the nuances in the sustainability of your projects. Through our expertise, we ensure your sustainability framework adheres with international recognized guidelines such as the ICMA principles. In addition, we also provide a proof check of EU taxonomy alignment for economic activities as defined in your framework.The final complementary element of our analysis comprises a value chain-based footprint assessment of your projects linked to relevant UN SDG goals.
SCORING
Alignment of sector to relevant market standards
Assessment of issuers' sustainability strategy
EU taxonomy alignment
Technical screening criteria
DNSH criteria
Minimum social safeguards
Value chain impact assessment
Upstream and downstream
ESG risks on social and environmental externalities
What you can expect from our Second Party Opinions (SPOs)
A full impact assessment on your sustainability framework, including issuer and debt issuance analysis
Alignment of your sustainability debt with relevant SDGs and EU Taxonomy
Our impact methodology and ESG risk analysis approach provide a clear picture of your debt issuance.
SCOPEONE
| Sustainable categories | Project category | SPO Example | Sector |
|---|---|---|---|
Green project categories |
Renewable energy | Apryl Energy Group Electron Holding |
Renewable energy |
| Energy efficiency | Sundell GREP Green Public Lighting Zrt. TBC Leasing |
Real Estate Manufacturing Banking and Finance |
|
| Pollution prevention and control | TBC Leasing | Banking and Finance | |
| Environmentally sustainable management of living natural resources and land use | |||
| Terrestrial and aquatic biodiversity | |||
| Clean transportation | Debt Marketplace SARL TBC Leasing |
Transportation Banking and Finance |
|
| Sustainable water and wastewater management | Univer Product Zrt | Agriculture and food | |
| Climate change adaptation | |||
| Circular economy adapted products, production technologies and processes | |||
| Green buildings | LP Portfolio Crown Holding Kft. |
Real Estate Real Estate |
Social project categories |
Affordable basic infrastructure | ||
| Access to essential services | Crystal | Banking and Finance |
|
| Affordable housing | |||
| Employment generation | Crystal | Banking and Finance | |
| Food security and sustainable food systems | |||
| Socioeconomic advancement and empowerment | Crystal | Banking and Finance |