Project Details
Project
Columbus Capital Sustainable Finance Framework
Client
ColCap
Project Type
Sustainability Bond/Loan
Industry Group
Financials
Use of Proceeds
Green buildings; Affordable housing;
Location
Australia
Evaluation Date
Apr 2025
Evaluation Summary
Sustainalytics is of the opinion that the ColCap Sustainable Finance Framework is
credible, impactful and aligned with the Sustainability Bond Guidelines 2021, Green
Bond Principles 2021, Social Bond Principles 2023, Green Loan Principles 2023 and
Social Loan Principles 2023. This assessment is based on the following:
USE OF PROCEEDS The eligible categories for the use of proceeds – Green Buildings and Affordable Housing – are aligned with those recognized by the Green Bond Principles, Social Bond Principles, Green Loan Principles and Social Loan Principles. Sustainalytics considers that investments in the eligible categories will lead to positive environmental or social impacts and advance the UN Sustainable Development Goals, specifically, SDGs 9 and 11.
PROJECT EVALUATION AND SELECTION ColCap’s Treasury team will be responsible for evaluating and selecting projects in accordance with the eligibility criteria of the Framework. ColCap has processes in place to identify and manage ESG risks associated with the eligible projects. Sustainalytics considers these processes to be in line with market practice.
MANAGEMENT OF PROCEEDS ColCap’s Treasury team will be responsible for overseeing the management of proceeds. ColCap will use its closed mortgage portfolio system to track and report on the allocation of proceeds. At the time of issuance, net proceeds from the sustainable debt instruments will be allocated in full to finance or refinance eligible projects under the Framework. Sustainalytics considers this process to be in line with market practice.
REPORTING ColCap commits to report on the allocation and impact of proceeds on an annual basis in its Sustainable Finance Report until full allocation. Allocation reporting will include the details on the net proceeds allocated to each sustainable debt instrument under the Framework along with the number, type and amount of eligible loans allocated to each sustainable debt instrument. In addition, ColCap is committed to reporting on relevant impact metrics. Sustainalytics considers the allocation and impact reporting commitments as aligned with market practice.
USE OF PROCEEDS The eligible categories for the use of proceeds – Green Buildings and Affordable Housing – are aligned with those recognized by the Green Bond Principles, Social Bond Principles, Green Loan Principles and Social Loan Principles. Sustainalytics considers that investments in the eligible categories will lead to positive environmental or social impacts and advance the UN Sustainable Development Goals, specifically, SDGs 9 and 11.
PROJECT EVALUATION AND SELECTION ColCap’s Treasury team will be responsible for evaluating and selecting projects in accordance with the eligibility criteria of the Framework. ColCap has processes in place to identify and manage ESG risks associated with the eligible projects. Sustainalytics considers these processes to be in line with market practice.
MANAGEMENT OF PROCEEDS ColCap’s Treasury team will be responsible for overseeing the management of proceeds. ColCap will use its closed mortgage portfolio system to track and report on the allocation of proceeds. At the time of issuance, net proceeds from the sustainable debt instruments will be allocated in full to finance or refinance eligible projects under the Framework. Sustainalytics considers this process to be in line with market practice.
REPORTING ColCap commits to report on the allocation and impact of proceeds on an annual basis in its Sustainable Finance Report until full allocation. Allocation reporting will include the details on the net proceeds allocated to each sustainable debt instrument under the Framework along with the number, type and amount of eligible loans allocated to each sustainable debt instrument. In addition, ColCap is committed to reporting on relevant impact metrics. Sustainalytics considers the allocation and impact reporting commitments as aligned with market practice.
https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/colcap-sustainable-finance-framework-second-party-opinion-(2025).pdf?sfvrsn=c39da4d_1