Impact report
ESG & GovernanceA report on the environmental or social results achieved with a labelled bond, loan or deposit, such as emissions avoided or people served.
Impact reports turn spending into outcomes, for example MWh of renewable power generated, tonnes of CO2e avoided or affordable homes built. ICMA publishes harmonised frameworks for impact reporting. Check whether figures are measured or estimated, what baseline is used, and whether the report shows the issuer's share of each project or the whole project's impact.
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