Second-Party Opinion Download

Sustainalytics is of the opinion that the AMAGGI Sustainability Bond Framework is credible and impactful and aligns with the Sustainability Bond Guidelines 2018. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds – Renewable Energy, Environmentally Sustainable Management of Living Natural Resources and Land Use, Preservation of Natural Resources and Biodiversity, Climate Change Mitigation, SocioEconomic Advancement and Empowerment, Employment Generation and Programs Designed to prevent and/or Alleviate Unemployment and Food security and sustainable food systems – are aligned with those recognized by both the Green Bond Principles and Social Bond Principles. Sustainalytics considers that, overall, AMAGGI’s expenditures and investments under the Framework will lead to positive environmental or social impacts and advance the UN Sustainable Development Goals, specifically SDGs 2, 7, 8, 10, 12, 13, and 15.

PROJECT EVALUATION/SELECTION

AMAGGI will convene a committee with representatives from finance and sustainability teams to assess project eligibility, with AMAGGI’s Sustainability, Communications, and Compliance Director providing final approval. Sustainalytics considers this to be in line with market practice.

MANAGEMENT OF PROCEEDS

AMAGGI’s Controlling and Finance Department will be charged with tracking the proceeds of its sustainability bond(s). Pending allocation, proceeds may be temporarily managed in line with the Company’s treasury liquidity policies. Sustainalytics considers this to be in line with market practice.

REPORTING

AMAGGI intends to report annually, until full allocation, on the allocation of proceeds, as well as providing relevant quantitative and qualitative impact metrics for the projects financed. Sustainalytics considers this to be in line with market practice.