Second-Party Opinion Download

Sustainalytics is of the opinion that the SCSK Corporation (“SCSK” or the “Company”) Green Finance Framework (The “Framework”) is credible and impactful and aligns with the four core components of the Green Bond Principles 2018 (GBP) and the Green Loan Principles 2020 (GLP). This assessment is based on the following:

USE OF PROCEEDS

The eligible category for the use of proceeds Energy Efficiency, is aligned with those recognized by the GBP and GLP. Sustainalytics considers that the eligible category will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 7.

PROJECT EVALUATION/SELECTION

SCSK’s Finance Division, with support of Sustainability Division, evaluates and selects projects in accordance with the eligibility criteria. Final approval for selected projects will be provided by the President and Chief Operating Officer or the Director in charge of finance of the Company. The Company’s project evaluation and selection processes is in line with market practice

MANAGEMENT OF PROCEEDS

The Finance Division will track and manage the allocated and unallocated amounts of the proceeds using an internal system on quarterly basis, until redemption of the bond. Unallocated proceeds will be held in cash or cash equivalents. SCSK’s management of proceeds is in line with market practice.

REPORTING

SCSK intends to annually report on the allocation of the proceeds of the green bonds and their environmental performance indicators on its website. Allocation reporting will include the proceeds allocation plan, allocated and unallocated amounts, schedule of allocation, method of management of unallocated amounts, and the amount or share of refinancing. Impact reporting will include either annual average PUE, energy use, or CO₂ emissions volume as a quantitative indicator, where feasible. Sustainalytics considers SCSK’s reporting to be in line with market practice.