Investor Presentaiton
Second Party Opinion by Sustainalytics¹
Use of Proceeds
By financing social housing, CdM directly supports Spain's State Housing Plan
Comunidad de Madrid's finances public education for all, and allocates resources
to guarantee access to education for students in disadvantaged situations
The financing of the healthcare programme will facilitate the ongoing provision of
quality healthcare services to the local population
Comunidad de Madrid supports social cohesion and inclusion, protection of
children and women, and care for the elderly and incapacitated via its
measures and policies
The support provided to Madrid's SMEs, will strengthen the competitiveness of
SMEs and leading to the creation and preservation of jobs, and promote the
integration of vulnerable people
Financing low carbon transportation and reduction of global CO2 emissions
are considered an impactful use of proceeds
Project Evaluation and Selection
In line with market practice
Management of Proceeds
In line with market practice
Reporting
In line with market practice
☑
SUSTAINALYTICS
Second-Party Opinion
Comunidad de Madrid Sustainable
Finance Framework
SUSTAINALYTICS
SECOND-
PARTY
OPINION
Evaluation date
March 27, 2020
Madrid, Spain
Evaluation Summary
Soteinalytics is of the opinion that the Comunidad de Madrid Sustainable Finance
Framework aligns with the Graan Bond Principles 2018 Green Loan Principles 2018,
Social Bond Principles 2018 and the Sustainability Bond Guidelines 2018. This
assessment is based on the following
USE OF PROCEEDS The six eligible categories for the use of prod
(Affordable Housing: () Education (B) Healthcare (v) Social
Inclusion (V) Economic Inclusion and SME Financing () Climate
Change and Environmental Management are aligned with those
recognized by both the Green Band Principles and the Social Band
Principles Sustainalytics considers the eligible categories outlined in
the Comunidad de Machid Sustainable Finance Framework to have
clear social and environmental benefits with specific relevance to UN
Sustainable Development Goale 1, 3, 4, 5, 8, 11,13 and 15
PROJECT EVALUTION SELECTION Eligible programmes are
evaluated and selected by a dedicated internal Selection, Monitoring
and Evaluation Committee. The Committee is composed of
representatives from the Regional Treasury Department and sub-
departments for Financial Planning end Public Finance, and it will
meet prior to the issuance of a sustainable finance instrument to
select eligible programmes from the General Budget. Sustainalytics
considers the project evaluation and selection process of Comunidad
de Madrid to be in line with markat practice
MANAGEMENT OF PROCEEDS in line with market practice the
proceeds of the Sustainable Finance Framework will be allocated to
eligible budgetary programmas in the General Budget of Comunidad
de Madrid, comesponding to the Fecal year of the issuance and/or to
the fiscal year preceding the year of the issuance. In case full
elocation at issuance is not possible, the unallocated proceeds will
be held and/or invested in Comunidad de Madrid's liquidity portfo
pending full allocation.
REPORTING Comunidad de Madrid intends to report on the allocation
of proceeds on its website within approximately one year from the
clate of issuance and until the proceeds have been fully allocated
Allocation reporting will include the total amount provided to the
various eligible budgetary programmes. Where feasible, the impact
report will include relevant impact indicators per each green and
social eligible category Sustainalytica views Comunidad de Madrid's
allocation and impact reporting se aligned with market practice
euer Location
Report Sections
Introduction
Sustainalytics Opinion.
Appendices
For inquires, con
contact the Sustainable
France Solutions project team
Evan Bruner (Amsterdam)
Project Manager
evan [email protected]
(+31) 20 205 0027
Jean-Claude Berthelot (Amsterdam)
Client Relations
jean-claude [email protected]
(+31 20 205 00 15
Sumsinses 2020
Sustainalytics is of the opinion that the Comunidad de Madrid Sustainable Finance Framework is credible
and impactful, and aligns with the Green and Social Bond Principles and Green Loan Principles 2018
Source Comunidad de Madrid
1The full Second Party Opinion is available at: http://www.comunidad.madrid/inversion/relacion-inversores/deuda-sostenible
557View entire presentation