Second-Party Opinion Download

Additionally, CIEL will invest in Employment Generation through loans and financial services provided to women-led and underserved microenterprises and SMEs. The Group will also finance the provision of healthcare services in countries with limited infrastructure and the preservation of cultural heritage sites of historical significance in Mauritius. While these projects may not be universally affordable or provide clearly defined financial benefits, they address unmet needs and are expected to significantly contribute to expanding access to essential services and safeguarding cultural heritage. CIEL’s financing towards gender equality and women empowerment will support leadership training, Equal-Salary certification and inclusive hiring, significantly helping to reduce workplace barriers and advance gender equity across its operations.

Sustainability Linked:

We have assessed the KPIs as follows: KPI 1 as Strong because it: i) represents a direct measure of a material social issue related to gender diversity across CIEL’s operations; ii) reflects a high scope of applicability; iii) follows a clear and consistent methodology; and iv) there are no applicable externally recognized benchmarks for this KPI, but it enables comparability across various industry players. KPI 2 as Adequate because it: i) represents an indirect measure of a material environmental issue related to GHG emissions across CIEL’s operations; ii) reflects a sufficient scope of applicability; iii) follows a clear and consistent methodology that is externally defined; and iv) there are no applicable externally recognized benchmarks for this KPI. KPI 3 as Strong because it: i) represents a direct measure of a material environmental issue related to water consumption within CIEL’s textile and hospitality operations; ii) reflects a high scope of applicability; iii) follows a clear and consistent methodology that is externally defined; and iv) there are no applicable externally recognized benchmarks for this KPI, but it enables comparability across various industry players.

In addition, all SPTs align with the Group’s sustainability strategy. We have assessed SPTs as follows: SPT 1.A as Moderately Ambitious given that it: i) is below past performance; ii) is above peer performance; and iii) cannot be compared against science-based trajectories, as there are currently no external benchmarks or pathways specific to gender diversity targets. SPT 1.B as Ambitious given that it: i) is aligned with past performance; ii) is above peer performance; and iii) cannot be compared against science-based trajectories, as there are currently no external benchmarks or pathways specific to gender diversity targets. SPT 1.C as Ambitious given that it: i) is above past performance; ii) is above peer performance; and iii) cannot be compared against science-based trajectories, as there are currently no external benchmarks or pathways specific to gender diversity targets. SPTs 2.A, 2.B and 2.C as Ambitious given that they: i) are aligned with past performance; ii) are above peer performance; and iii) cannot be compared against science-based decarbonization trajectories, as there are currently no relevant external benchmarks that cover the share of renewable energy in a company’s total energy mix beyond electricity consumption. SPTs 3.A, 3.B and 3.C as Moderately Ambitious given that they: i) are below past performance; ii) are above peer performance; and iii) cannot be compared against science-based trajectories, as there are currently no relevant external benchmarks or pathways specific to water consumption reduction targets.