Project Details
Project
LGFA Sustainable Financing Bond Framework Second Party Opinion (2025)
Client
The New Zealand Local Government Funding Agency Limited (LGFA)
Project Type
Annual Review
Industry Group
Sub-Sovereign
Use of Proceeds
Green buildings; Climate change adaptation; Sustainable aquaculture/fisheries; Affordable housing;
Location
New Zealand
Evaluation Date
Sep 2025
Evaluation Summary
In this thematic bond and sustainability-linked loan 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, and reviews the calculation
of the Key Performance Indicators (KPIs) and the progress made towards
achieving its Sustainability Performance Targets (SPTs). The final assurance
letter can be shared with investors, added to bond, loan or sustainability
reports or published on the issuer’s or borrower's website.
As a leading provider of Second-Party Opinions for
green, social and sustainability bonds and linked loans, issuers, investors,
lenders, and borrowers 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
- Calculation and measurement of the KPI;
- The reporting practice of the borrower on the KPI; and
- The progress toward achieving the SPT.