Second-Party Opinion Download

Sustainalytics is of the opinion that the DL Invest Group Green Finance Framework is credible and impactful and aligns with the four core components of the  Green  Bond Principles 2021and the Green Loan Principles 2021. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds Green  Buildings, Renewable  Energy, Energy  Efficiency, Sustainable Water and Wastewater Management, Clean Transportation, are aligned with those recognized by the Green Bond Principles and the Green Loan Principles. Sustainalytics considers that investments in the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDGs 6,7,9, and 11.

PROJECT EVALUATION / SELECTION

DL Invest Group’s internal process in evaluating and selecting projects is assessed by a dedicated Sustainability Committee to ensure alignment with the Framework and provide final approval for projects. The Committee consists of representatives from various departments, including Finance, Operation, Leasing and the Administration and Billing, and the Environmental Protection areas. DL Invest has implemented adequate measures and is well positioned to manage and mitigate environmental and social risks commonly associated with the eligible categories. Sustainalytics considers these processes to be in line with market practice.

MANAGEMENT OF PROCEEDS

DL Invest Group’s processes for management of proceeds and allocation to the eligible projects are overseen by the  Chief Financial Officer under the supervision of the President of the Management Board and Supervisory Board. DL Invest intends to fully allocate proceeds within 24  months. Unallocated proceeds will be managed in accordance with  DLInvest’s liquidity policies. Sustainalytics considers this process to be in line with market practice.

REPORTING

DL Invest Group intends to report on allocation of proceeds on its website on an annual basis until full allocation. Allocation reporting will include information on eligible green projects, amount allocated to eligible green projects, and the balance of unallocated proceeds. Impact reporting will include qualitative description and relevant impact metrics where feasible. Sustainalytics views DL Invest Group’sallocation and impact reporting as aligned with market practice.