Vigeo Eiris provides Second Party Opinion on Mexico’s SDG linked Bond issued by Mexico under its SDG Sovereign Bond Framework.
The EUR 750 million intended Bond, closed in September 2020, will finance the Mexican agenda formally linked to the Sustainable Development Goals.
The Framework covers programmes of the Mexican government to address 14 SDG, namely Zero Hunger; Good health and wellbeing; Quality Education; Clean water and sanitisation; Affordable and clean energy; Decent work and economic growth; Industry, Innovation, and infrastructure; Sustainable cities and communities; Climate action; Life below water; and Life on land. 2020 issuance will finance six of the fourteen Eligible Categories included in the Framework.
We provided a Second Party Opinion (SPO) on the sustainability credentials and management of the Bond intended by Mexico. Vigeo Eiris is of the opinion that this Bond is aligned with the four core components of the Green Bond Principles (2018) and the Social Bond Principles (2018) and expressed a reasonable performance on the contribution of this Bond to sustainable development.
Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We were the 3rd biggest SPO provider in the market by number of deals in 2019 and are Climate Bonds Standard Approved Verifier.
In April 2017, Mexico established the National Council of the 2030 Agenda for Sustainable Development, in December 2019 it published the National Strategy for the implementation of the Agenda 20309, and made amendments to the Ley de Planeación10 (Planning Act) to integrate sustainable development in Mexico’s national budget.