About our framework
Launched in September 2022, our Sustainable Finance Framework has enabled Wessex Water to link the investment in our many environmental and social initiatives to those who finance them.
In April 2024 we updated our framework, and we will continue to refresh it as the principles and reporting guidance for sustainable finance progress.
Sustainable Finance Framework April 2024
Principles, guidelines and core components
Under this framework, we may issue green, social and/or sustainability debt instruments to support our environmental and social objectives.
Our framework follows the principles and guidelines published by the International Capital Markets Association (ICMA) and Loan Market Association (LMA).
We intend to follow best market practices where possible and in doing so have structured our framework to focus on the four core components of these principles and guidelines, which are:
- use of proceeds
- process for project evaluation and selection
- management of proceeds
- reporting.
Our Sustainable Finance Framework supports our financing ambitions to deliver tangible environmental and social benefits. Our commitment to delivering a better future will allow our investors to participate in funding our provision of water and wastewater services on a sustainable basis, helping to achieve global climate change targets and contributing to the United Nations’ Sustainable Development Goals.
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