Known Use of Proceeds Financing

Hello,

Looking at the Near-term Criteria Version 2.0, it is unclear whether certain use of proceeds financing should be viewed as project finance asset class vs long term Corporate Loans sub asset class.

This post (Corporate loans vs. Project Finance - #2 by Monica) indicates the following:

  1. Corporate loans with known use of proceeds that are not financing projects through a limited recourse structure should be considered corporate loans and covered under the Long-term Corporate Loans sub-asset class
  2. Project finance involves financing projects, such as infrastructure and public/industrial assets, using a limited-recourse structure (e.g. SPV), including debt, equity, and/or mezzanine.
    => However, this definition is not indicated in the SBTI Near-term Criteria Version 2.0 (p.16).

Could you please confirm whether the latest project finance definition still includes financing of non-infrastructure assets (e.g., industrial/production facilities) through limited-recourse structures?