Sustainability Bonds Framework
App7 - Sustainable Bond SPO
57
MOODY'S
ESG Solutions
Second Party Opinion
✓
Moody's ESG Solutions is of the opinion that the
Sustainable Bond Framework of AFL is aligned
with the four core components of the Green and
Social Bond Principles 2018.
Moody's ESG Solutions express a reasonnable
assurance (our highest level of assurance) on the
Issuer's commitments and on the Framework's
contribution to sustainability, except for 2 out of
the 10 eligible categories ("2.2. pollution prevention
and control", and "3.3 affordable and sustainable
infrastructures") for which we express a moderate
assurance, due to unclear management of the
inherent risks or to unclear environmental/social
benefits.
Moody's ESG Solutions is of the opinion that the
Framework prepared by AFL is coherent with the
main sustainability issues of its sector, with AFL's
main sustainability priorities and commitments; and
that it contributes to the realisation of these
commitments.
SPO available on AFL's corporate website.
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