$CLNV Clean Vision Corporation’s Subsidiary, Cle
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Posted On: 01/08/2024 9:51:25 AM
$CLNV Clean Vision Corporation’s Subsidiary, Clean-Seas Partners UK Ltd, Successfully Receives ESG Second-Party-Opinion for Its Green Bonds From ISS ESG
https://www.accesswire.com/822569/clean-visio...om-iss-esg
LOS ANGELES, CA / ACCESSWIRE / January 8, 2024 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"
, an emerging leader in innovative plastic recycling and clean fuel development with a goal of fueling the circular plastic economy, is pleased to announce that its subsidiary, Clean-Seas Partners UK Limited ("Clean-Seas UK" , has received a favorable Environmental, Social, and Governance ("ESG" Second Party Opinion (SPO) from International Shareholder Services ("ISS" for its previously announced Green Bond Offering.
This favorable SPO serves as a testament to the Company's commitment to sustainability and adherence to international ESG standards. Additionally, the SPO issued by ISS verifies that the Green Bonds being offered by Clean-Seas UK satisfy the standards of international ESG benchmarks, aligning with ICMA/GBP principals. The ISS SPO marks a significant milestone for Clean Vision, paving the way for the Green Bond Offering that is currently expected to launch in the first quarter of 2024.
"Securing our ESG SPO from ISS is a major milestone for Clean Vision, and we plan to build upon this as we move forward with the issuance of the Green Bond. I want to express my gratitude to the whole team that has made this a reality, which we expect will enable our global operating subsidiary, Clean-Seas, Inc., to establish conversion facilities around the world," said Dan Bates, CEO of Clean Vision.
Our current plans, which are contingent upon, other things, a successful Green Bond offering, include expanding our network of plastic conversion facilities operated by Clean-Seas as part of our Plastic Conversion Network ("PCN" to establish multiple PCN facilities around the world. One of the key outputs from the Company's PCN locations will be clean fuel, which we plan to sell to multi-national companies, furthering their commitment to plastic circularity.
Daniel Knoblach of Super Global Services SA, which provides customized solutions for alternative investment funds and securitization vehicles, has played a pivotal role as the administrator of the Green Bond process, and was a key contributor, along with Grant Thornton International ("Grant Thornton" , in securing the ESG SPO from ISS. Mr. Knoblach expressed his enthusiasm stating, "We are proud to be working with Clean-Seas UK on this exciting project, which we believe will have a dramatic impact on decreasing the flow of plastic that would normally end up in our oceans. Our opinion is that Clean-Seas UK's Green Bond is the type of project investors are looking for: clearly definable social and environmental impact that is built upon a sound financial foundation."
Clean-Seas UK is also working closely with Grant Thornton, a renowned global financial advisory firm, on the regulatory aspects of the Green Bond Offering.
https://www.accesswire.com/822569/clean-visio...om-iss-esg
LOS ANGELES, CA / ACCESSWIRE / January 8, 2024 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"
, an emerging leader in innovative plastic recycling and clean fuel development with a goal of fueling the circular plastic economy, is pleased to announce that its subsidiary, Clean-Seas Partners UK Limited ("Clean-Seas UK" , has received a favorable Environmental, Social, and Governance ("ESG" Second Party Opinion (SPO) from International Shareholder Services ("ISS" for its previously announced Green Bond Offering. This favorable SPO serves as a testament to the Company's commitment to sustainability and adherence to international ESG standards. Additionally, the SPO issued by ISS verifies that the Green Bonds being offered by Clean-Seas UK satisfy the standards of international ESG benchmarks, aligning with ICMA/GBP principals. The ISS SPO marks a significant milestone for Clean Vision, paving the way for the Green Bond Offering that is currently expected to launch in the first quarter of 2024.
"Securing our ESG SPO from ISS is a major milestone for Clean Vision, and we plan to build upon this as we move forward with the issuance of the Green Bond. I want to express my gratitude to the whole team that has made this a reality, which we expect will enable our global operating subsidiary, Clean-Seas, Inc., to establish conversion facilities around the world," said Dan Bates, CEO of Clean Vision.
Our current plans, which are contingent upon, other things, a successful Green Bond offering, include expanding our network of plastic conversion facilities operated by Clean-Seas as part of our Plastic Conversion Network ("PCN"
to establish multiple PCN facilities around the world. One of the key outputs from the Company's PCN locations will be clean fuel, which we plan to sell to multi-national companies, furthering their commitment to plastic circularity. Daniel Knoblach of Super Global Services SA, which provides customized solutions for alternative investment funds and securitization vehicles, has played a pivotal role as the administrator of the Green Bond process, and was a key contributor, along with Grant Thornton International ("Grant Thornton"
, in securing the ESG SPO from ISS. Mr. Knoblach expressed his enthusiasm stating, "We are proud to be working with Clean-Seas UK on this exciting project, which we believe will have a dramatic impact on decreasing the flow of plastic that would normally end up in our oceans. Our opinion is that Clean-Seas UK's Green Bond is the type of project investors are looking for: clearly definable social and environmental impact that is built upon a sound financial foundation." Clean-Seas UK is also working closely with Grant Thornton, a renowned global financial advisory firm, on the regulatory aspects of the Green Bond Offering.
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