Second-Party Opinion Download

Sustainalytics is of the opinion that the Tatra Banka 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 — Green Buildings, Renewable Energy, Energy Efficiency, Clean Transportation, Agriculture and Forestry, Water Management and Wastewater Management — are aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers that the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals (“SDGs”), specifically SDG 2, 6, 7, 11, and 15.

PROJECT EVALUATION/SELECTION

Tatra Banka intends to establish a Green Bond Committee that will be responsible for the ultimate review and selection of Green Loans for the Loan Portfolio, based on its assessment of their social and environmental impact. Sustainalytics considers the project selection process to be in line with market practice.

MANAGEMENT OF PROCEEDS

Tatra Banka’s Green Loan Portfolio Manager will be in charge of managing the net proceeds through the Loan Portfolio that will be tracked by an internal register. Tatra Bank will invest unallocated proceeds through its treasury, in money market instruments, cash or cash equivalent instruments. This is in line with market practice.

REPORTING

Tatra Banka intends to provide allocation reporting on its website on an annual basis until full allocation. The allocation reporting is expected to include category-level details on the Loan Portfolio and the balance of unallocated proceeds. In addition, Tatra Banka intends to report on relevant quantitative impact where feasible, and has provided indicative metrics within the Framework. Sustainalytics views Tatra Banka’s allocation and impact reporting as aligned with market practice.