Second-Party Opinion Download

Sustainalytics is of the opinion that the Go Sharing Green Finance Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and the Green Loan Principles 2023. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds Clean Transportation, Investment in Renewable Energy Generation, and Circular Economy Adapted Products, Production Technologies and Processes 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 7, 11 and 12.

PROJECT EVALUATION AND SELECTION

Go Sharing’s Sustainability Committee will be responsible for evaluating and selecting eligible projects followed by a final approval provided by Go Sharing’s Board of Directors. The Sustainability Committee is led by the General Manager and comprises representatives from various functional areas, including Business Development, Finance and Treasury, and Engineering and Investments. Go Sharing has its ESG Compliance policy in place to address environmental and social risks associated with the projects financed under this Framework. Sustainalytics considers Go Sharing’s risk management systems to be adequate and the project evaluation and selection process to be in line with market practice.

MANAGEMENT OF PROCEEDS

Go Sharing’s Finance Department will be responsible for the management and allocation of proceeds and will track the proceeds using an internal tracking mechanism, with oversight of the proceeds provided by the Finance and Treasury Department of 1000 Yatirimlar Holding AS, the parent company. Go Sharing intends to allocate all net proceeds within 24 months of issuance. Pending full allocation, the balance of the net proceeds will be held temporarily in cash or cash equivalents in accordance with Go Sharing’s liquidity management policy until full allocation. This is in line with market practice.

REPORTING

Go Sharing commits to report on allocation of proceeds on its website on an annual basis until full allocation. The allocation reporting will include total amount allocated to eligible projects, details of amount allocated to the project categories within the Framework, amounts allocated to financing versus refinancing and the amount of unallocated proceeds. In addition, Go Sharing intends to report on relevant impact metrics. Sustainalytics views Go Sharing’s allocation and impact reporting as aligned with market practice.