Second-Party Opinion Download

Sustainalytics is of the opinion that the Loomis Sustainability-Linked Finance Framework (the “Framework”) aligns with the Sustainability-Linked Bond Principles 2023 and Sustainability-Linked Loan Principles 2023. This assessment is based on the following:

Selection of Key Performance Indicators

Loomis Sustainability-Linked Finance Framework defines one KPI: Absolute scope 1 and 2 GHG emissions. Sustainalytics considers the KPI chosen to be very strong based on materiality, relevance, scope of applicability and adequacy to external benchmarking.

Calibration of Sustainability Performance Targets

Sustainalytics considers the SPTs to be aligned with Loomis’ sustainability strategy. Sustainalytics further considers SPTs 1a and 1b to be highly ambitious based on past performance, peer performance and science-based trajectories, as applicable.

Financial Instrument Characteristics

Loomis will link the financial characteristics of the sustainability-linked instruments to achievement of the SPTs, which will trigger a premium payment, coupon step-up or margin adjustment, as applicable and described in each transaction’s documents.

Reporting

Loomis commits to report on an annual basis on its progress on the KPI and expects to include the relevant figures in its Sustainability Report available on the Company’s website. The reporting commitments are aligned with the SLBP and SLLP.

Verification

Loomis commits to have external limited assurance conducted for each SPT at least once a year, which is aligned with the SLBP and SLLP.