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MOODY’S ESG Solutions Group has announced that Moody’s affiliate V.E has provided a Second Party Opinion, SPO, on Toyota Motor Corporation’s Woven Planet Bond Framework, an inaugural sustainability bond in the Japanese automotive sector.
The framework – which V.E considers aligned with the four core components of the Green Bond Principles, Social Bond Principles and Sustainability Bond Guideline – will finance safety technologies, assisted mobility vehicles, clean transportation, and renewable energy initiatives.
The framework’s objectives aim to contribute to multiple Sustainability Development Goals that improve the safety, accessibility and sustainability of transportation.
“In our assessment, the bonds issued via this framework will make a ‘robust’ contribution to sustainability objectives,” said Juliette Macresy, Executive Director for Sustainable Finance at V.E.
“We see significant and consistent evidence that the proceeds will be allocated to projects aimed at reducing greenhouse gas emissions from Toyota’s vehicles. The projects include manufacturing zero-emission vehicles, acquiring renewable energy, and ensuring that vehicles are equipped with advanced safety features to protect drivers and pedestrians. We expect continued momentum towards sustainability in the automotive sector to meet increasing global regulatory requirements and to support the drive towards sustainable and safe mobility.”
V.E’s SPOs on sustainability credentials help market participants secure financing through sustainable bonds and loans, strengthen issuers’ and projects’ credibility, and give investors confidence.
To date, V.E has provided more than 300 SPOs – including award-winning and pioneering missions – on sustainable financing operations, with over 30 from the Asia Pacific region.
– Mar. 3, 2021 @ 11:52 GMT |
Tags: V.E provides second party opinion on Toyota Motor Corporation’s Woven Planet Bond Framework
