V.E has provided a Second Party Opinion (SPO) on ITOCHU’s Framework for their Sustainable Development Goals (SDGs) Bond. The Framework has been designed to finance renewable energy acquisition, energy efficiency of Familymart convenience stores, sustainable food procurement, sustainable management of food waste, healthcare for blood dialysis patients in small and medium hospitals as well as sales and operation of small scale power generators and distribution systems to people in Africa living in non-electrified areas. The ITOCHU SDGs Bond Framework will finance the projects that will enhance ITOCHU’s contribution to and engagement with the SDGs through their business activities.
We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the ITOCHU SDGs Bond Framework. V.E is of the opinion that this Framework is aligned with the four core components of the Green Bond Principles, Social Bond Principles and Sustainability Bond Guideline. We express a robust assurance on the contribution of these bonds to sustainability as the projects provide environmental and social benefits to the countries in which they operate.
ITOCHU Corporation, headquartered in Tokyo, Japan, is involved in domestic and overseas trading of various products and business operations including textile, machinery, metals, mineral resources, energy, chemicals, food, general merchandise, realty, information technology, finance and consumer-related businesses.
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.
Please find the full SPO available below in English and Japanese.
For more information on this mission and V.E’s SPO services for Bonds and Loans: Savannah Rowe
Communications Assistant firstname.lastname@example.org
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