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PT Japfa Comfeed Indonesia Tbk SPO Provided by V.E

V.E has provided a Second Party Opinion (SPO) on the integration of one environmental factor to PT Japfa Tbk’s Sustainability-Linked Bonds. The Key Performance Indicator (KPI) and its associated Sustainability Performance Target (SPT) are the following:


  • KPI: Water Recycling Facilities for Sustainable Water and Wastewater Management at Poultry Operations
  • SPT: Defined as the number of new plants facilities constructed with certification of completion from the building contractor:
    • 8 water recycling plants facilities out of 15 slaughterhouses under Japfa operations;
    • 1 water recycling plant facility at a hatchery within the poultry breeding unit


V.E is of the opinion that PT Japfa Tbk’s Sustainability-Linked Bonds, to be issued in compliance with its Sustainability-Linked Financing Framework, are aligned with the core components of the ICMA’s Sustainability-Linked Bond Principles (June 2020).We express a robust assurance on both the KPI’s relevance and the SPT’s ambition.

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

Please find the full SPO available 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

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