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Company & Organisation News - 28/01/2021

V.E provides SPO for LISC’s Social Bond Framework Update

The LISC Social Bond Framework will tackle inequalities in the United States, including a dedicated portion of proceeds for Black, Indigenous and People of Color

V.E has provided a Second Party Opinion (SPO) on LISC’s Social Bond Framework. The Framework will cover all of LISC’s activities, which is to address the opportunity gap in the United States, reflected in disparities in health and well-being, employment, wealth and financial security, and overall quality of life. In addition, $10,000,000 of the proceeds for the 2020-2021 offering will support Project 10X, under which LISC invests in building equity and wealth for Black, Indigenous, and People of Color. The Framework covers four Social Project Categories: affordable housing, access to essential services (such as education, healthcare and community services), food security, and employment generation.

We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the updated Social Bond Framework. V.E is of the opinion that this Framework is aligned with the four core components of the Social Bond Principles (2020). We express an advanced assurance on the contribution of these bonds to sustainability, our highest level, thanks to the well defined eligibility criteria and targeted populations

V.E has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

LISC  is  a  not-for-profit  corporation  and  certified  Community  Development  Financial Institution (“CDFI”) based in New York. LISC acts as an intermediary financer between larger  entities -such  as  government,  foundations  and  for-profit  companies -and  local community organizations,  especially  working  in  underinvested  places  and  serving vulnerable and underserved populations.

SPO available for download below.

Read more about LISC’s framework here.

 

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

Amélie Nun

Head of Communications

amelie.nun@vigeo-eiris.com

Benjamin Cliquet

Head of Sustainable Finance Business Development

benjamin.cliquet@vigeo-eiris.com

 

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: vigeo-eiris.com

For more information about Moody’s ESG Solutions: moodys.com/esg

Download :
icon-download-34x36 LISC's SPO by V.E
Keywords : Second Party Opinion, Social Bond, SPO