BNG Bank has issued social bonds for the Dutch social housing sector since 2016. Telos of Tilburg University, the Netherlands, has developed frameworks measuring PPP-sustainability for such social bonds, The first Framework was published July 2016 and has been used for the BNG Bank social housing bond that was issued 6 July 2016, (EUR 1,000,000,000 | 0.05% | 13 Jul 2024).
Based on a more elaborated Framework of Telos in 2017, a second BNG Bank social housing bond was issued 14 December 2017 (USD 750,000,000 | 2.125% | 14 Dec 2020). (https://www.bngbank.com/funding/social-housing-bond)
BNG Bank asked Telos March 2018 to prepare a 2018 Framework for a 2018 Social housing bond. The basis for the framework would be the same as in 2017, but it was requested to also include its meaning from the point of view of the UN Sustainable Development Goals (SDGs). This means that the framework presented still elects housing associations based on their performance according to the earlier developed framework using a PPP-methodology, but that in addition the contribution of housing associations to the SDGs is shown.
The 2018 Framework presents an integral sustainability measurement based on an internal and an external sustainability assessment of Dutch housing associations.