Vigeo Eiris provides second-party opinion on the first green bond issued by the Spanish ACS Group
The €750 million green bond will be used to finance and refinance projects with environmental benefits, including wind farms in Peru and solar thermal plants in the USA and South Africa
The green bond, issued by the Spanish ACS Group through its subsidiary ACS Servicios, Comunicaciones y Energía (ACS SCE), totals 750 million Euros over 8 years, with an annual interest rate of 1.875%.
The ACS subsidiary is engaged in the development, construction, maintenance and operation of energy, industrial and mobility infrastructures.
The green bond will be used to finance both new and existing projects in North America, South America, Europe, Asia and Africa within four categories: Renewable energy; Energy transmission, distribution and management; Sustainable water and waste water management; and Energy Efficiency.
Vigeo Eiris provided independent Second Party Opinion on the sustainability credentials and management of this green bond based on due diligence on the issuer and the issuance (Green Bond Framework and selected projects) according to the Green Bond Principles and internal ESG standards, leading to a reasonable level of assurance on the sustainability of the Bond and its positive contribution to sustainable development, especially climate change mitigation and protection of water resources.
Further information will be available on the ACS website.
Vigeo Eiris Second Party Opinion
green bond, SUSTAINABLE FINANCE