Second-Party Opinion Download

USE OF PROCEEDS

The eligible category for the use of proceeds Clean Transportation, is aligned with those recognized by the Green Bond Principles and the Green Loan Principles. Sustainalytics considers that the eligible category will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 9.

PROJECT EVALUATION AND SELECTION

Streem Group’s Green Finance Committee will be responsible for evaluating and selecting eligible assets with oversight from the Executive Committee. Streem Group has in place an internal Safety Management System which is applicable to all allocation decisions. Sustainalytics considers these risk management systems to be adequate and the project evaluation and selection process to be aligned with market practice.

MANAGEMENT OF PROCEEDS

Streem Group’s Finance and Treasury department will be responsible for the management of proceeds based on a portfolio approach and will track the allocation of proceeds using existing internal systems. Streem Group intends to allocate all proceeds at the time of issuance. However, in case of unallocated proceeds, such proceeds will be temporarily invested in accordance with its liquidity policy, in cash, deposits or money market instruments. This is in line with market practice.

REPORTING

Streem Group commits to report on allocation of proceeds in a Green Financing Report to its investors and lenders on an annual basis. Allocation reporting will include details such as the number of eligible green assets, the outstanding debt qualified as green debt, green loan to value and details of the eligibility criteria. In addition, Streem Group is committed to reporting on relevant impact metrics. Sustainalytics views Streem Group’s allocation and impact reporting as aligned with market practice.