Achmea B.V.

Achmea's Green Finance Framework evolved from a 2022 general framework document to a 2024 framework (reported in 2023) with significantly tightened eligibility criteria and expanded standards alignment. The framework narrowed its geographic and asset scope to focus specifically on residential and commercial real estate with enhanced energy efficiency requirements, eliminated provisional EPC labels in favor of more stringent criteria, and added explicit alignment with EU Taxonomy standards. The new framework also introduced dual certifications from ISS ESG and CFP Green Buildings, demonstrating a move toward greater third-party verification rigor.

• tightened Use of Proceeds — Narrowed focus from four broad social domains (healthcare, mobility, living, income) to specifically residential and commercial real estate with energy efficiency requirements
• tightened Eligibility Criteria — Changed from generic 'EPC A or higher' to dual requirement: 'EPC A or higher OR top 15% low-carbon residential buildings' with explicit property age cutoffs (pre/post 31 December 2020)
• modified Eligibility Criteria — Eliminated provisional EPC labels to improve quality and alignment with EU Taxonomy standards
• added Standards Alignment — Added explicit alignment with EU Taxonomy as a framework principle in the 2024 update
• added Standards Alignment — Introduced assessment by CFP Green Buildings as additional external verification alongside existing ISS ESG Second Party Opinion
• expanded Eligibility Criteria — Extended geographic scope for commercial real estate to include properties 'in and outside the Netherlands' whereas framework appears to have been previously Netherlands-focused
• modified Reporting — Framework explicitly applied retrospectively to historical portfolios (as of 31 December 2023) to ensure alignment with 2024 standards and EU Taxonomy