ADVERTISEMENT

Scope issues SPO on SunDell green bond dramework

Ratings

Scope ESG Analysis, a member of Germany's Scope Group, yesterday issued a second-party opinion (SPO) of Hungarian property developer SunDell Estate's green bond framework, according to an announcement on the website of the Budapest Stock Exchange.

Scope ESG Analysis assessed SunDell's green bond framework to align with the 2018 Green Bond Principles (GBP) of the International Capital Markets Association (ICMA) and assigned it a "leaf score" of two of three leaves.

"SunDell's four green project categories and criteria align with selected real estate standards and we consider SunDell to contribute to the targets of the Paris Agreement and EU Taxonomy," Scope ESG Analysis said.

In a separate disclosure, SunDell said the SPO confirms that the issue of green bonds "are a realistic possibility for drawing in resources in future, making possible the launch and construction of further projects." The property firm noted that its developments are among the top 15% of Hungarian real estate assets based on the European Union's Energy Performance of Buildings Directive.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.