Second-Party Opinion Download

Sustainalytics is of the opinion that the SONDA S.A. (“SONDA”) Green Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds under the Investments in Energy Efficient IT Infrastructure (Data Centers) – (i) Green Buildings, (ii) Energy Efficiency, and (iii) Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers the eligible categories to have positive environmental impacts and to advance the UN Sustainable Development Goals, specifically 7 (Affordable and Clean Energy), and 9 (Industry, Innovation and Infrastructure).

PROJECT EVALUATION/SELECTION

SONDA’s Investment Committee reviewed and selected Eligible Green Projects. The Investment Committee is comprised of cross-functional team members, including SONDA’s CEO, the CFO, and the Senior VP of the IT Services Division, with relevant Business Units ensuring/facilitating compliance, documentation and external audit. Sustainalytics considers this to be in line with the market best practice.

MANAGEMENT OF PROCEEDS

SONDA’s Treasury will track the net proceeds through its internal (traceability) system based the Enterprise Resource Planning (ERP) used by the Company. Pending allocation, the net proceeds may be invested in cash or cash equivalents and/or other short-term liquid instruments. This is in line with market practice.

REPORTING

SONDA intends to publish annual information within its Integrated Report, until full allocation. It will include the list, description and amounts allocated to each Eligible Green Project, and the unallocated amounts, as well as relevant impact metrics, where feasible. SONDA will additionally pursue an external audit for its allocation reporting. Sustainalytics considers this in line with market best practice.