Project Details
Project
Ukrenergo Green and Sustainability-Linked Bond Framework Second-Party Opinion (2021)
Client
National Power Company Ukrenergo
Project Type
Sustainability Bond/Loan; Sustainability Linked Bond or Note;
Industry Group
-
Use of Proceeds
-
Location
Ukraine
Evaluation Date
Sep 2021
Evaluation Summary
Green Bond Principles
Sustainalytics is of the opinion that the Green and Sustainability-Linked Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021, administered by ICMA. The eligible categories for the use of proceeds – Renewable Energy and Energy Efficiency – are aligned with those recognized by the Green Bond Principles and will lead to positive environmental impacts.
Sustainability-Linked Bond Principles
Sustainalytics is of the opinion that the Green and Sustainability-Linked Bond Framework aligns with the Sustainability-Linked Bond Principles 2020. Overview of KPIs and SPTs:
KPIs | SPTs | Strength of the KPI | Ambitiousness of SPT |
1a: Connection of wind and solar energy production capacity (MW) | 8,100MW by 2022 10,100MW by 2030 | Adequate | Ambitious |
1b: Share of connected wind and solar energy production capacity of total connected energy production capacity (%) | 14,6% by 2022 | Strong | Ambitious |