CICERO and Stockholm Environment Institute (SEI) have revised the Second Opinion of MuniFin’s Green Bond Framework. The revision follows a slight amendment in the framework, streamlining the selection criteria for sustainable buildings.
The purpose of the framework is to define eligible project categories for green finance. MuniFin’s framework promotes renewables, energy efficiency, sustainable buildings, sustainable transportation, waste management, water and waste water management, as well as environmental management.
MuniFin’s Green Bond Framework originates from February 2016 and has been updated once before, in August 2017. In the latest update MuniFin has adjusted the project category requirements related to sustainable buildings, due to the recent updates in the Finnish energy efficiency regulations.
The Second Opinion gives MuniFin’s governance structure a good overall assessment rating. Based on the overall assessment of the project types that will be financed by the green bond and governance and transparency considerations, MuniFin’s Green Bond Framework gets a Medium Green shading.
Head of Funding and Corporate Responsibility
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