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Sustainable Financing
Social Covered Bond
Second Party Opinion by Sustainalytics
Sustainalytics, a leading provider of ESG and corporate governance research and ratings to investors, conducted the second party review of Kutxabank’s Social Bond framework and provided an opinion on the allocation, management and reporting aspects of the bond.
Kutxabank Social Bond Review
Update on the use of proceeds
Given Kutxabank´s commitment to transparency, it will divulge a report twice a year to disclose the total amount of loans provided under the VPO program using the social bond proceeds, the number of loans granted,
and the number of individuals to whom Kutxabank granted a mortgage under the VPO program. In the same way, Kutxabank will disclose the number of housing units constructed using social bond proceeds.
