SUSTAINABLE ISSUANCE FRAMEWORK
Sustainable Bond Issuance
- VINTE has issued sustainable and/or SDGs bonds since 2018, which entails that the use of proceeds will be allocated to finance green and social (both at the same time) eligible projects, according to the Sustainable Bond Principles published by the International Capital Market Association (ICMA) and the UNDP SDG Impact standards.
- In Mexico, investors, pension funds, insurance companies and multilateral organizations signed an agreement to support green financing, in which they commit to promote investments in projects that contribute to solving climate change (Investor Statement May 2017).
By issuing a Sustainable, Green bond, additional responsibilities are assumed:
- Independent third-party opinion that provides assurance of compliance with the MX Green Bond Principles (Vinte has the support of Sustainalytics and the highest sustainable rating by HR Ratings).
- Annual monitoring and reporting on the use and allocation of resources.
Vinte's Sustainable Bond Reference Framework
- Use of Resources: to finance and refinance sustainable community development projects under eligibility criteria (in general, most of the projects Vinte has developed over the past 15 years meet these criteria).
- Project Selection and Evaluation Process: land bank acquisition analysis committee (CAART, by its acronym in Spanish).
- Resource Management: Temporary investments in securities rated “AAA” as the investment process takes place.
- Reporting: Annual Sustainability Report with investment status.
Contribute to a solution that includes:
Complying with 16 KPIs
Benefit our stakeholders through:
Complying with 11 KPIs
Eligibility Criteria under Vinte’s Sustainable Bond Reference Framework
Sustainable development projects financed by the Sustainable Bond must meet eligibility criteria regarding the target population and social and environmental requirements.
|Segments||Socioeconomic level||Home price range
(thousands of pesos)
|Affordable Entry Level||D/D+||340 – 550|
|Middle Income||C||550 – 1,100|
|Middle Higher Income||C+||1,100 – 3,500|
|Social Requirements||Environmental Requirements|
|Construction of schools within or near the developments.||Use of certain sustainable construction materials.|
|Proximity to medical centers (clinics, public hospitals, and pharmacies).||Inclusion of lighting equipment (LED), 4 liters per flush toilets, efficient irrigation systems and sinks, step heaters, and insulating slabs or efficient thermal system.|
|Close access to public transport.|
|Good road infrastructure and connectivity.|
|Proximity to police stations, as well as security at the entrances and surrounding areas.||Construction of water treatment infrastructure, as well as for recharging aquifers through wells and ponds that recover at least 80% of rainwater.|
|Inclusion of designated areas (play areas, commercial areas, and green areas).|
|Establishment of a civil association for the organization of residents.|