Project Details
Project
Principal Financial Group Inc. Sustainability Bond 2021 Annual Review (2023)
Client
Principal Financial Group Inc.
Project Type
Annual Review
Industry Group
Insurance
Use of Proceeds
Green buildings; Renewable energy; Energy efficiency; Water/waste water management; Clean transport; Pollution prevention and control; SME finance and microfinance; Access to essential services; Affordable housing; Socio-economic advancement;
Location
U.S.
Evaluation Date
Aug 2023
Evaluation Summary
In this thematic bond Annual Review letter, Sustainalytics provides a third-party assessment on whether the projects financed by the bond and the issuer’s reporting are aligned with the intended use of proceeds and commitments set out in the bond or loan framework. The final assurance letter can be shared with investors, added to bond or sustainability reports or published on the issuer’s website.
As a leading provider of Second-Party Opinions for green, social and sustainability bonds issuers and investors entrust Sustainalytics’ Annual Reviews to provide assurance that:
- Projects are aligned to the eligibility criteria in the bond framework
- The issuer is reporting on impact metrics as outlined in the bond framework
- The allocation processes and reporting are as outlined in the bond framework