2021 Impact and Sustainable Debt Issuances
04
Independent External
Review
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"... Based on the limited assurance procedures
conducted, nothing has come to Sustainalytics' attention
that causes them to believe that, in all material respects,
the reviewed bond projects, funded through proceeds
of IDB's sustainability bonds, are not in conformance
with the Use of Proceeds criteria outlined in the
Framework...."
"... No errors or Exceptions were identified..."
IDB Invest
Type of Engagement: Annual Review
Date: September 21, 2022
Engagement Team:
Nadia Djinnit, [email protected], (+1) 416 861 0403
Sameen Ahmed, [email protected]
SUSTAINALYTICS
a Morningstar company
Introduction
In 2020, Interamerican Investment Corporation ("IDB Invest") developed its Sustainable Debt Framework (the
"Framework") aimed at financing and refinancing social and green projects related to affordable basic
infrastructure, access to essential services, employment generation, renewable energy, energy efficiency,
clean public transport, water efficiency and management, and climate resilience. In May 2022, IDB Invest
engaged Sustainalytics to review the projects funded through sustainability bonds issued under the
Framework in 2021 and provide an assessment as to whether the projects met the Use of Proceeds criteria
and Reporting commitments outlined in the Framework.
Evaluation Criteria
Sustainalytics evaluated the projects and assets funded with proceeds from the 2021 sustainability bonds
issued under the Framework based on whether the projects:
1. Met the Use of Proceeds and Eligibility Criteria outlined in the Framework; and
2. Reported on at least one of the Key Performance Indicators (KPIs) for each Use of Proceeds criteria
outlined in the Framework.
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