Second-Party Opinion Download

Sustainalytics is of the opinion that the Ameriabank CJCS Green Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018 and the Green Loan Principles. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds – Renewable Energy, Energy Transmission, Distribution and Storage, Sustainable Transport, Water, Sustainable Buildings, Land use and aquatic resources, Energy and Resource Efficiency in Industry, Waste Management, IT Solutions – are aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers that the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 6, 7, 9, 11, 12, 14 and 15.

PROJECT EVALUATION/SELECTION

Ameriabank’s internal process in evaluating and selecting projects is managed by the Environmental and Social Risk Management unit (E&S team). The E&S team is responsible for identifying eligible assets, confirming alignment with internal policies, laws, and Framework eligibility criteria. Upon selection, eligible assets will be included in the Eligible Green Asset Portfolio. Sustainalytics considers the project selection process in line with market practice.

MANAGEMENT OF PROCEEDS

Ameriabank’s processes for management of proceeds will be handled by its Asset & Liability Management team. Ameriabank has established a Green Bond Register to track and monitor allocation of proceeds to the Green Asset Portfolio. In the event of any unallocated proceeds, Ameriabank may temporarily hold the balance in short term cash, cash equivalents or in short-term debt instruments that are not tied to greenhouse has investments. The Issuer intends to allocate within 24 months. This is in line with market practice.

REPORTING

Ameriabank intends to report allocation proceeds on its website, on an annual basis, until full allocation. Allocation reporting will include the total amount of green bond proceeds allocated per eligibility category, the geographic distribution of assets, portion of financing vs refinancing and, if any, the balance of unallocated proceeds. In addition, Ameriabank is committed to reporting on relevant impact metrics. Sustainalytics views Ameriabank’s allocation and impact reporting as aligned with market practice.