Project Details
Project
Republic of Mauritius Sustainable Finance Framework Second-Party Opinion (2023)
Client
Republic of Mauritius
Project Type
Sustainability Linked Loan; Sustainability Linked Bond or Note; Sustainability Bond/Loan; Social Bond/Loan; Green Bond/Loan;
Industry Group
Sovereign
Use of Proceeds
Renewable energy; Clean transport; Energy efficiency; Water/waste water management; Natural resources/land use management; Conservation; Pollution prevention and control; Climate change adaptation; Access to essential services; Health; Education; Affordable housing; Employment generation and Socio-economic empowerment; Socio-economic advancement; Food security;
Location
Mauritius
Evaluation Date
Jul 2023
Evaluation Summary
Use of Proceeds Instruments
Sustainalytics is of the opinion that the Republic of Mauritius’ Sustainable Finance Framework is credible and impactful and aligns with the four core components of the Sustainability Bond Guidelines 2021, Green Bond Principles 2021, Social Bond Principles 2023, Green Loan Principles 2023, and Social Loan Principles 2023. The eligible categories for the use of proceeds – Renewable Energy, Clean Transportation, Green Buildings, Energy Efficiency, Sustainable Water and Wastewater Management, Environmentally Sustainable Management of Living Natural Resources and Land Use, Terrestrial and Aquatic Biodiversity Conservation, Pollution Prevention and Control, Climate Change Adaptation, Access to Essential Services (Healthcare, Education and Emergency Relief), Affordable Housing, Employment Generation, Socioeconomic Advancement and Empowerment, Food Security and Sustainable Food Systems – are aligned with those recognized by the applicable principles and are expected to lead to positive environmental and social impact.
Sustainability-Linked Instruments
Sustainalytics is of the opinion that the Republic of Mauritius Sustainable Finance Framework is aligned with the Sustainability-Linked Bond Principles 2023 and Sustainability-Linked Loan Principles 2023.