(Alliance News) - BFF Bank Spa announced Friday that it published its first Social Bond Framework earlier today.

"The framework defines the Bank's commitment to sustainable finance, with a particular focus on social issues, further strengthening the link between sustainability and our financial strategies," reads the company's note.

ISS Corporate Solutions, a leading independent sustainability consulting agency, issued a "Second Party Opinion" confirming the consistency of the Social Bond Framework with the main international reference standards (ICMA's Social Bond Principles) and the Final Report on Social Taxonomy.

BFF is the first operator in its sector to publish a Social Bond Framework, certified by an independent body. Intesa Sanpaolo - IMI Corporate & Investment Banking Division - acted as structuring advisor.

BFF Bank on Friday closed in the green by 1.5 percent at EUR9.47 per share.

By Chiara Bruschi, Alliance News reporter

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