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JULY 20, 2021


KINGDOM OF SPAIN’S SOVEREIGN GREEN BOND FRAMEWORK



Moody’s ESG Solutions* has provided a Second Party Opinion (SPO) on Kingdom of
Spain’s Sovereign Green Bond Framework.

SPO Summary:

·        Contribution to Sustainability: Advanced

·        Expected Impacts: Advanced

·        ESG Risk Management: Advanced

·        Coherence to Sustainability Commitments: Coherent

The Framework has been developed to finance or refinance Eligible Projects in
Eligible Categories including renewable energy, clean transport, energy
efficiency, sustainable management of water and wastewater, biodiversity
protection, circular economy, and climate change adaptation.

View SPO (Spanish)View SPO (English)

*This SPO was originally conducted by V.E, which is now part of Moody’s ESG
Solutions.

Contact US
Moody’s ESG Solutions
Understand our comprehensive ESG offering
MESG@moodys.com
Media:
Julian Knapp
SVP, Corporate Communications
Sustainability and ESG
julian.knapp@moodys.com
Moody’s Investors Service:
Understanding ESG in credit ratings
Brian Cahill
MD, Global Head of MIS ESG
brian.cahill@moodys.com
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