News & Publications

Company & Organisation News - 22/02/2021

V.E provides SPO for Agri Resources Group’s Sustainability Financing Framework

V.E has provided a Second Party Opinion (SPO) on the sustainability credentials and management of the Agri Resources' Sustainability Financing Framework, in compliance with the Social & Green Bond Framework created to govern their issuances

V.E has provided a Second Party Opinion (SPO) on the Agri Resources’ Sustainability financing framework, under which the company just issued a 50M Euro sustainability bond. The framework has been designed to finance eligible projects that contribute to sustainable agriculture, land reforestation, agroforestry and biodiversity as well as socioeconomic projects that aim to create employment opportunities, provide training on sustainable practices, and support local economic and social development of the communities.

V.E assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the potential Sustainability Bonds to be issued by Agri Resources Group. V.E is of the opinion that this Framework is aligned with the four core components of the Green and Social Bond Principles 2018. We express a reasonable assurance on the contribution of these bonds to sustainability.

Agri Resources Group is an international business, headquartered in Luxembourg, which focuses on the cultivation of essential products ranging from import-substitution crops to vanilla, spices and niche products. Agri Resources is part of Agricorp, an international Group specialized in agriculture and food processing. Agri Resources operates through two business units: Agriculture, and Vanilla & Spices. The subdivision Vanilla & Spices produces, procures, processes and exports vanilla and spices.

V.E has produced more than 300 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Learn more about Agri Resources‘ Sustainability Financing Framework HERE.

View the FULL SPO below.


For more information on this mission and V.E’s SPO services for Bonds and Loans:

Savannah Rowe

Communications Assistant


Benjamin Cliquet

Head of Sustainable Finance Business Development


About V.E

V.E is a global leader in ESG assessments, data, research, benchmarks and analytics. Leveraging our extensive proprietary database, we equip market players with the ESG insight they need to manage risks and better understand and address their social and environmental impact. Since 2019, V.E has been an Affiliate of Moody’s Corporation. V.E has an industry unique ISO 9001: 2015 quality certification for its processes relating to methodology, assessments, sale and delivery of its data to all types of investors and issuers. V.E is a Climate Bonds Initiative Verified Provider of Second Party Opinions. With a team of nearly 300 experts of 30 different nationalities, V.E is present in Paris, London, Brussels, Casablanca, Hong Kong, Milan, New York, Rabat and Santiago.

For more information about V.E:

For more information about Moody’s ESG Solutions:

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icon-download-34x36 Agri Resources SPO
Keywords : Second Party Opinion, SPO, Sustainability, Sustainability Bond