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Company & Organisation News - 28/09/2020

Vigeo Eiris provides Second Party Opinion on the Arab Republic of Egypt’s Sovereign Green Financing Framework

Egypt’s Green financing instruments will finance projects in six green eligible categories: renewable energy, energy efficiency, clean transportation, pollution prevention and control, climate adaptation, and sustainable water and wastewater management

Vigeo Eiris has provided a Second Party Opinion (SPO) on the sustainability credentials and management of the Green Bonds and Sukuks to be issued by Egypt. We are of the opinion that this Bond is aligned with the four core components of the Green Bond Principles (2018) and we have expressed a robust assurance on the contribution of this Bond to sustainable development.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Egypt’s commitment to sustainability is reflected in their national strategy “Sustainable Development Strategy: Egypt Vision 2030.” Egypt has prioritised green investment projects in its Sustainable Development Plan of the Fiscal Year 2020/2021.

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

To view Vigeo Eiris’ Second Party Opinion in full, please visit: https://bit.ly/36f6rJs

View Egypt’s Green Financing Framework here: https://bit.ly/30hzbNU

Keywords : BecauseESGmatters, ESG, Green Finance, SPO