DNV was commissioned by Wessex Water to provide a review of their Sustainable Finance Framework (SFF) against the International Capital Market Association (ICMA) Green Bond Principles 2021, Social Bond Principles 2021 and Sustainability Bond Guidelines 2021, and the Loan Market Association for Green Loan Principles 2021 and Social Loan Principles 2021.

Wessex Water supplies water to over 2.8 million customers across the southwest of England, focusing on the environment, sustainability, and the local community.

The SFF supports Wessex Water Group’s purpose of supporting their customers’ health and wellbeing and enhancing the environment and the diverse communities they serve. The framework develops upon Wessex Water’s nature-based approach to problem solving and demonstrates their commitment to environmental sustainability.

DNV’s UK sustainability team, headed by Shaun Walden and Niki Bowen, established Wessex Water’s alignment with all the above criteria.

Shaun Walden, Head of Sustainable Finance – UK at DNV Supply Chain & Product Assurance, said, “We congratulate Wessex Water on this achievement and prioritising environmental sustainability in their investments.“

DNV supports the sustainable financing activities of its customers by providing Second Party Opinions, giving an independent assessment of a bond, loan, or framework’s alignment to accepted market principles that in turn, drives investing practices/portfolio decision making.

Learn more about DNV’s services and how we can help your business here.