News & Publications

Company & Organisation News - 16/09/2020

Vigeo Eiris has provided a second-party opinion on the sustainability credentials and management of Beijing Enterprises Holdings Limited’s Green Finance Framework.

Beijing Enterprises Holdings Limited (BEHL)’s wholly-owned subsidiary to issue EUR Denominated Green Bonds in September 2020 based on BEHL’s Green Finance Framework.

We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the Green Finance Framework created by BEHL to government the issuances. The Framework includes two Eligible Green Project Categories, namely: Pollution Prevention and Control, and Sustainable Waste and Water Management.

Our opinion is that the Framework is aligned with the four core components of the Green Bond Principles (2018) and the Green Loan Principles (2020), and we expressed a moderate assurance (our medium level of assurance) on the contribution of the contemplated Green Finance Instruments to sustainability.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We were the 3rd biggest SPO provider in the market by number of deals in 2019 and are a Climate Bonds Standard Approved Verifier.

BEHL is an investment holding company mainly engaged in the distribution and sale of piped natural gas. The Company is also engaged in the provision of natural gas transmission, gas technology consultation and development services, the surveying and plotting of underground construction projects, the construction and installation of gas pipelines and related equipment and the provision of repairs and maintenance services. The Company also produces, distributes and sells brewery products. In addition, BEHL is also involved in water and environment business and solid waste management business, which accounted for 6% and 19% of its total assets respectively as of 2018. BEHL owns 100% of EEW Energy from Waste GmbH.

Link to BEHL’s Green Finance Framework: https://www.behl.com.hk/en/news/p200915a.pdf

Link to SPO: https://www.behl.com.hk/en/news/p200915b.pdf

For more information, please contact – VEsustainablefinance@vigeo-eiris.com

Keywords : ESG, green bond