Second-Party Opinion The Ford Foundation Social Bond Framework Evaluation Summary Evaluation date June 4, 2020 Sustainalytics is of the opinion that the Ford Foundation Social Bond Framework aligns with the four core components of the Social Bond Principles 2018. This assessment is Issuer Location New York, NY, U.S. based on the following: The eligible category for the use of proceeds – socioeconomic advancement and empowerment – is aligned with Report Sections those recognized by the Social Bond Principles that seek to achieve positive socioeconomic outcomes for target populations. Introduction .................................................. 2 Sustainalytics considers that the eligible category will lead to positive Sustainalytics’ Opinion ................................ 3 social impacts and advance the UN Sustainable Development Goals, specifically SDG 1, 8 and 10. Appendices .................................................. 8 Ford Foundation’s leadership and program teams, who include subject matter experts, will be in For inquiries, contact the Sustainable charge of selecting projects that meet the established criteria as well Finance Solutions project team: compliance with legal requirements. Sustainalytics considers the project selection process to be in line with market practice. Zach Margolis (Toronto) Project Manager The Foundation will use a separate
[email protected] operating account for holding and disbursing funds, and a register will (+1) 647 695 4341 be established and used to record, on an ongoing basis, the allocation Daniel Sanchez (Toronto) of net proceeds to Special Allocation Grants. The Foundation’s Project Support processes for management of proceeds is in line with market
[email protected] practice. (+1) 647 264 6644 Paramjot Kaur (New York) The Ford Foundation intends to report allocation of Client Relations proceeds on its website on an annual basis until full allocation.