Search Climate Insights Directory
1 result
PRE-ISSUANCE VERIFICATION REPORT
Vigeo Eiris conducted a limited assurance procedure from November 15 to November 29, 2019, concluding that Banco Votorantim's first 2019 Green Bond is in material conformance with the Climate Bonds Standard (CBS) version 2.1. The bond's proceeds are intended for the construction and operation of photovoltaic and wind energy generation systems. The verification covered the selection of assets, internal controls, and reporting procedures, confirming that eligible expenditures in the solar and wind sectors will not have more than 15% of electricity generated from non-renewable sources. Approximately 35% of the net proceeds are expected to be used for refinancing.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Report