Second Party Opinion

Independent assessment of sustainable finance frameworks or instruments, helping enhance transparency and strengthen market confidence

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What is a
Second Party Opinion?

VIS Rating’s Second Party Opinion (SPO) service provides an independent assessment of the alignment of sustainable finance frameworks or sustainable finance instruments with recognized principles, standards, and market practices

Independent Opinion
Provides an objective assessment of the alignment of sustainable finance frameworks or instruments with applicable reference principles
Flexible Reference Standards
Clients may select the relevant reference principles or standards, including international or Vietnam-based standards
Supporting Sustainable Finance Strategy
Helps enhance transparency, strengthen investor confidence, and support businesses in green or sustainable financing plans

When Should Businesses Use SPO?

Supporting Sustainable Financing

When businesses plan to issue green bonds, social bonds, sustainability bonds, or other sustainable finance instruments to access ESG-focused investors

Communicating Sustainability

When businesses need to strengthen the credibility of their sustainability strategy and clarify the intended use of proceeds for green, social, or sustainability purposes

Enhancing Transparency

When businesses want to provide investors and financing partners with an independent assessment of the alignment of their framework or instrument with sustainable finance principles

VIS Rating - A Trusted Partner

Flexible Reference Standards

VIS Rating can conduct assessments based on relevant reference principles, standards, and regulations, including ICMA’s Green Bond Principles, LMA’s Green Loan Principles, the UN Sustainable Development Goals, the ASEAN Green Bond Standards, and applicable regulations in Vietnam

Expert Team

VIS Rating’s experts have experience in credit, audit, and financial analysis, with international professional qualifications. The Ratings and Research team is led by senior personnel seconded by Moody’s

Market Engagement

VIS Rating’s perspectives are recognized by the market through in-depth research on key sectors and Vietnam’s corporate bond market. Our opinions and analysis serve as a reference source for many market participants