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A2A’s Sustainable Finance Framework SPO Provide by V.E

A2A's Sustainable Finance Framework

A2A’s Sustainable Finance Framework SPO Provided by V.E

V.E has provided a Second Party Opinion (SPO) on A2A’s Sustainable Finance Framework. The framework has been designed to issue Green Financing Instruments to finance green eligible project categories and Sustainability-Linked Instruments, linked to three Key Performance Indicators (KPIs):


  • KPI 1: Scope 1 CO2 Emission Intensity
  • KPI 2: Renewable Energy Capacity Installation (GW)
  • KPI 3: Waste treated in Group’s material recovery Plants (Mt)

V.E provided a Second Party Opinion on the sustainability credentials and management of the Green Financing Instruments and on the integration of three environmental factors to the Sustainability-Linked Instruments to be issued by A2A in compliance with the Sustainable Finance Framework created to govern their issuances.

V.E is of the opinion that A2A’s Framework is aligned with the four core components of the Green Bond Principles (GBP) 2018 and Green Loan Principles (GLP) 2021, and aligned with the Sustainability-Linked Loan Principles (SLLP) 2020 and the Sustainability-Linked Bond Principles (SLBP) 2020 . V.E is of the opinion that the Green Financing Instruments demonstrate a robust contribution to sustainability and that selected KPIs linked to the Sustainability-Linked Instruments demonstrate an advanced materiality with SPTs demonstrating an advanced level of ambition.

A2A is involved in electricity generation through hydroelectric and thermoelectric plants. A2A is also involved in energy management, and in sale of electricity and gas. In addition, A2A manages heating plants and distributes heat, and is involved in waste disposal, street cleaning and water recovery.

V.E has produced more than 330 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.


To learn more about A2A’s Sustainable Finance Framework, click here.

View the full SPO in the PDF link below.


For more information on this mission and V.E’s Sustainable Finance Solutions:
Savannah Rowe
Communications Assistant

Benjamin Cliquet
Head of Sustainable Finance Business Development

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