Second-Party Opinion Download

Sustainalytics is of the opinion that the Cibus Green Bond Framework aligns with the four core components of the Green Bond Principles 2018. This assessment is based on the following:

USE OF PROCEEDS

The eligible category for the use of proceeds – Green and Energy Efficient Buildings – is aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers that the eligible category will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDGs 7 & 11.

PROJECT EVALUATION/SELECTION

Cibus’ internal process in evaluating and selecting projects is managed by the Green Bond Committee (the “Committee”), comprised of the CEO, CFO and CIO in Finland and CIO in Sweden. The Committee is responsible for ensuring assets are aligned with the eligibility criteria outlined in the Framework prior to inclusion in the Eligible Assets. Assets will be monitored to ensure alignment. Sustainalytics considers the project selection process in line with market practice.

MANAGEMENT OF PROCEEDS

Cibus’ management of proceeds is handled by the Finance Department. Proceeds will be tracked on a spreadsheet that includes all issued amount of green bonds. Green bonds will be managed on a portfolio level. Cibus intends to allocate proceeds within 24 months. This is in line with market practice.

REPORTING

Cibus intends to report on the allocation proceeds on its website on an annual basis until full allocation. Allocation proceeds will include total amount of green bonds issued, share of financing and refinancing and share of unallocated proceeds. In addition, Cibus is committed to reporting on relevant impact metrics. Sustainalytics views Cibus’ allocation and impact reporting as aligned with market practice.