V.E has provided a Second Party Opinion (SPO) on the Bank of Communications Financial Leasing Sustainable Financing Framework. The Framework has been designed to issue Green, Social or Sustainability bonds, loans or any other similar debt instruments to finance or refinance, in full or in part, Eligible Projects related to the seven Green and Social Project Categories, namely: Clean Transportation, Renewable Energy, Pollution Prevention and Control, Sustainable Water and Wastewater Management, Energy Efficiency, Access to Essential Services, and Affordable Basic Infrastructure.
V.E assigned a Second Party Opinion (SPO) on the sustainability credentials and management of Green, Social or Sustainability bonds, loans or any other similar debt instruments to be issued by Bank of Communications Financial Leasing (“Bocomm Leasing”) and its subsidiaries in compliance with the Framework. V.E is of the opinion that this Framework is aligned with the four core components the Green Bond Principles 2018, Social Bond Principles 2020, Green Loan Principles and Social Loan Principles 2021.
We express a robust assurance on the contribution of these debt instruments to sustainability. The potential positive Impact of the Eligible Projects on environmental and social objectives is considered robust. The potential positive Impact of the Eligible Projects with environmental objectives is considered robust, whilst it is considered advanced for the Eligible Projects with social objectives. The identification and management of the environmental and social risks associated with the Eligible Projects are considered robust.
Bocomm Leasing is a wholly owned subsidiary of Bank of Communications. Established in 2007, Bocomm Leasing is headquartered in Shanghai. It is one of the leaders in aircraft and shipping leasing in China.
V.E has produced more than 370 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 Bank of Communications Financial Leasing’s Sustainable Financing Framework SPO, visit bocommleasing.com.
For more information on this mission and V.E’s Sustainable Finance Solutions:
Head of Sustainable Finance Business Development