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Ramsay Santé Sustainability-Linked Financing SPO Provided by V.E

V.E, part of Moody’s ESG Solutions, has provided a Second Party Opinion (SPO) on the Ramsay Santé Sustainability-Linked Financing Framework. The framework has been designed to issue Sustainability-Linked Instruments, linked to four Key Performance Indicators (KPIs):


  • KPI 1: Increase of patient’ satisfaction
  • KPI 2: Medical care for underserved population and preventive healthcare
  • KPI 3: Preventive health program for employees
  • KPI 4: Reduction of CO2 emissions

V.E assigned a Second Party Opinion (SPO) on the integration of four environmental and social factors to the Sustainability-Linked Instruments to be issued by Ramsay Santé (the “Issuer”) in compliance with the Sustainability-Linked Financing Framework (the “Framework”) created to govern their issuances. V.E is of the opinion that Ramsay Santé ‘s Sustainability-Linked Financing Framework is aligned with the core components of the Sustainability-Linked Loan Principles (SLLP) 2020 and Sustainability-Linked Bond Principles (SLBP) 2020. V.E is of the opinion that the selected KPIs demonstrate Robust materiality and that the SPTs demonstrate a robust level of ambition.

After the acquisition of Capio AB Group in 2018, Ramsay Santé has become one of the leaders of the private hospitalisation and primary care in Europe with 36 000 employees and 8 600 practitioners serving 7 millions patients in our 350 facilities in five countries : France, Sweden, Norway, Denmark, Italy. Ramsay Santé offers almost all medical and surgical specialities in three business areas : general hospitals (medicine – surgery – obstetric), follow-up care and rehabilitation clinics, mental health.

V.E has produced more than 380 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Click here to view V.E’s SPO on the Ramsay Santé Sustainability-Linked Financing Framework.



Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody’s Investors Service (MIS) and Moody’s Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at



Moody’s ESG Solutions:

Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000

Media inquiries:

Tim Whatmough
+33 (153) 303-385

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