Aquafin NV

Unverified
Country
XX
Sector
Wastewater,Water
Website
www.spglobal.com
2 Second Party Opinions
1 Assurance Report
1 Framework
XFID Type Title Year Source Retrieved
XF-YXAOPC2-T Assurance Report VCA-certificering | Aquafin aquafin.be 14 Mar 2026
XF-UG5MXIA-S Second Party Opinion Aquafin (Methodology of Shades of Green, formerly part of CICERO) 2015 www.spglobal.com 25 Feb 2026
XF-2P8KMC5-2 Framework Green Finance Framework def 0 2020 www.aquafin.be 21 Feb 2026
XF-1081ASS-A Second Party Opinion Aquafin Green Finance Framework Second-Party Opinion 2020 www.aquafin.be 21 Feb 2026

Press Coverage (2)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE E Water Supply, Sewerage & Waste

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Aquafin NV, Belgium (Flanders) Framework 2020
Issuer sector/industry classification
Water Supply, Sewerage & Waste; Wastewater collection and treatment Framework 2020
Issuer organizational structure
Public utility company (100% owned by Flemish Region government) Framework 2020
Core business activities and geographic focus
Wastewater collection and treatment; responsible for financing, operation and expansion of household wastewater treatment infrastructure in Flanders, Belgium Framework 2020
Issuer type
Public utility (water and wastewater utility) Framework 2020
Parent company or ownership structure
100% owned by Flemish Environmental Holding NV, which is 100% owned by the Flemish Region Framework 2020

Corporate Strategy & Mission

Corporate mission and sustainability strategy
Clean watercourses for successive generations and a living environment in harmony with water Framework 2020
Corporate purpose statement relating to sustainability
To rapidly eliminate backlog in wastewater treatment and ensure Flanders compliance with Urban Wastewater Treatment Directive (UWWTD); treat household wastewater to improve watercourse quality and biodiversity Framework 2020

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Aquafin Green Finance Framework Framework 2020
Framework publication date and update history
April 2020 Framework 2020
Eligible use-of-proceeds categories
Sustainable Water and Wastewater Management Second-Party Opinion 2020
Project evaluation and selection process description
All projects assigned by Flemish Government and proposed by Flemish Environmental Agency; Green Finance Committee reviews and maintains list of eligible assets and liabilities; Committee meets at least annually Second-Party Opinion 2020
Management of proceeds approach
Funds managed by Green Finance Committee responsible for tracking eligible green assets and liabilities Second-Party Opinion 2020
Reporting commitments under framework
Allocation reporting and impact reporting commitments Framework 2020

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles 2018 Second-Party Opinion 2020
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
Aligned with Green Loan Principles 2018 Second-Party Opinion 2020
Alignment with UN Sustainable Development Goals
SDG 6 (Clean water and sanitation), SDG 7 (Affordable and clean energy), SDG 11 (Sustainable cities and communities), SDG 14 (Life below water) Second-Party Opinion 2020

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, evaluation date March 27, 2020 Second-Party Opinion 2020
SPO preliminary evaluation or credibility rating
Credible and impactful; aligns with Green Bond Principles and Green Loan Principles 2018 Second-Party Opinion 2020

ESG Framework & Governance

Green Finance Committee structure and composition
Green Finance Committee consisting of CFO and member of Finance department; meets at least annually Second-Party Opinion 2020

Impact Metrics & Reporting

Volume of wastewater treated
84% of household wastewater treated; treatment coverage increased from 30% since 1990 Framework 2020

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name
2015 Green Bond framework
2020 Aquafin Green Finance Framework
Framework publication date
2015 29 June 2015
2020 April 2020
Second Party Opinion provider
2015 CICERO
2020 Sustainalytics
SPO assessment date
2015 29 June 2015
2020 March 27, 2020
Issuer country/jurisdiction
2020 Belgium (Flanders)
2020 Belgium
Core business activities
2020 Financing, operation and expansion of household wastewater treatment infrastructure in Flanders
2020 Water and wastewater management
Project evaluation and selection process
2020 Process for Project Evaluation and Selection described
2020 Projects proposed by Flemish Environmental Agency, reviewed by Green Finance Committee