Second Party Opinion: Honduras' Framework For Green, Social, And Sustainable Thematic Bonds

S&P Global Ratings views Honduras' framework for green, social, and sustainable thematic bonds as aligned with Social Bond Principles, ICMA, 2023; Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); and Sustainability Bond Guidelines ICMA, 2021.

...Eligible projects under issuer's green finance framework are assessed based on their environmental benefits and risks, using Shades of Green methodology. Low-carbon transport Subsidies or incentives to promote the use of public transport Development of transport systems with zero direct emissions, including electric buses Integration of electric modes of transport with charging stations (National Electric Mobility Strategy for Honduras) Creation of bikeway infrastructure and bike parking Retirement of highly polluting vehicles Energy efficiency Investments in energy efficiency in public buildings that result in energy savings, including (but not limited to) renovation, thermal insulation, and/or improvements in air conditioning systems Investments in training programs that contribute to increasing energy efficiency (Energy Efficiency Education Program) Subsidies and soft loans that improve energy efficiency in homes and/or private businesses, such as implementing solar thermal and solar...

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