Project Details
Project
ANZ SDG Bond Second-Party Opinion
Client
Australian and New Zealand Banking Group Limited (ANZ)
Project Type
Sustainability Bond/Loan
Industry Group
-
Use of Proceeds
-
Location
Australia
Evaluation Date
Feb 2018
Evaluation Summary
Sustainalytics is of the opinion that the ANZ SDG Bond Framework creates meaningful impact, is transparent, credible and aligns with the Green Bond Principles 2017 (GBP), the Social Bond Principles 2017 (SBP), and the Sustainability Bond Guidelines 2017.
USE OF PROCEEDS
The Eligible Categories for the use of proceeds are widely recognized as impactful by the Green Bond Principles and Social Bond Principles 2017.
PROJECT EVALUATION/SELECTION
ANZ has a dedicated Green Bond Working Group, which bears responsibility for the final decisions on project selection and evaluation, aligned with market practices.
MANAGEMENT OF PROCEEDS
The management of proceeds using internal reporting systems and a register is in line with market practices. As well, ANZ has obtained pre-issuance assurance from EY to confirm that allocation of proceeds is done in accordance with the SDG Bond Framework. This is aligned with market best practice.
REPORTING
ANZ has outlined an extensive list of impact metrics and is committed to impact reporting on an annual basis, including the alignment of assets with the SDGs, which is considered market best practice.