Second-Party Opinion Download

Sustainalytics is of the opinion that the Getinge Social Financing Framework is credible and impactful and aligns with the four core components of the Social Bond Principles 2020 and the Social Loan Principles 2021. This assessment is based on the following: 

USE OF PROCEEDS 

The eligible category for the use of proceeds, Access to Essential Healthcare Services, is aligned with those recognized by the Social Bond Principles and Social Loan Principles that seek to achieve positive socio-economic outcomes for target populations. Sustainalytics considers that activities in the eligible category will lead to positive social impacts and advance the UN Sustainable Development Goals, specifically, SDG 3.

PROJECT EVALUATION / SELECTION 

Getinge has established a Social Financing Committee comprised of the CFO, Head of Sustainability and CFO Product Area Cardiopulmonary to oversee project evaluation and selection. The Social Financing Committee is responsible for evaluating and ensuring alignment of eligible projects with the use of proceeds criteria, replacing investments that no longer meet the eligibility criteria and approving the Social Financing Investor Report. Sustainalytics considers the project selection process in line with market practice. 

MANAGEMENT OF PROCEEDS 

An amount equal to the net proceeds will be credited to a segregated account for financing eligible projects which will be allocated within 36 months with the majority allocated within 12 months. Pending allocation, the funds will be placed in liquidity reserves. Getinge's Group Treasury Team is responsible for tracking and allocation. This is in line with market practice. 

REPORTING 

Getinge intends to report on allocation of proceeds on its website on an annual basis until full allocation in its Social Financing Investor Report. In addition, Getinge is committed to reporting on relevant impact metrics. Sustainalytics views Getinge’s allocation and impact reporting as aligned with market practice.