Project Details
Project
e& PPF Green Finance Framework Second Party Opinion (2025)
Client
e& PPF Telecom Group B.V.
Project Type
Green Bond/Loan
Industry Group
Telecommunication Services
Use of Proceeds
Energy efficiency; Renewable energy;
Location
Netherlands
Evaluation Date
Aug 2025
Evaluation Summary
e& PPF Telecom Group B.V. has developed the e& PPF Telecom Group Green Finance Framework, dated August 2025, under which it intends to issue green bonds, medium-term notes, commercial papers, privately placed debt instruments and Schuldscheins, and obtain bank loans including revolving credit facilities. e& PPF intends to use the proceeds to fund projects in Central and Eastern Europe in two environmental categories.
We have assessed the overall Sustainability Contribution of the Framework as Strong, based on the average Sustainability Contribution of the Framework’s two use of proceeds categories, weighted according to the percentage allocation indicated by e& PPF to Sustainalytics.
Energy efficiency expenditures will focus on the upgrade and optimization of mobile network sites and data centres. The financed technologies will be aimed at improving energy efficiency and may include power-saving applications at mobile network sites, upgrading conventional lighting to LEDs, redesigning sites to facilitate non-powered outdoor cooling, and investing in data centres that meet established energy efficiency standards. The Framework also includes technologies primarily designed for telecommunication functions that also deliver energy efficiency benefits. These investments are expected to reduce energy use and strongly contribute to decarbonising the telecommunications sector.
Renewable energy investments under the framework will focus on solar photovoltaic technology and associated battery storage, as well as the procurement of renewable energy from solar, wind or hydropower through long-term power purchase agreements (PPAs). These investments will directly displace fossil fuels and strongly advance the low carbon transition.
We have assessed the Framework as Aligned with the Green Bond Principles 2025 and Green Loan Principles 2025.