Project Details
Project
Telenet Sustainable Finance Framework Second-Party Opinion (2025)
Client
Telenet Group Holding
Project Type
Sustainability Bond/Loan; Sustainability Linked Bond or Note; Green Bond/Loan;
Industry Group
Telecommunication Services
Use of Proceeds
Renewable energy; Energy efficiency; Circular economy adapted products, production technologies and processes; Green buildings; Clean transport; Eco-efficient products;
Location
Belgium
Evaluation Date
Apr 2025
Evaluation Summary
Use of Proceeds Instruments
Sustainalytics is of the opinion that the Telenet Sustainable Finance Framework is credible and impactful and aligned with the Sustainability Bond Guidelines 2021, and the four core components of the Green Bond Principles 2021 and Green Loan Principles 2025. The eligible categories for the use of proceeds – Renewable Energy; Energy Efficiency of Networks, Data Centres, and Customer Premise Equipment, Climate Action – GHG Emission Reduction Initiatives, Clean Transportation, Circular Economy and Green Buildings / Energy Efficiency for Buildings – are aligned with the Green Bond Principles 2021 (GBP) and Green Loan Principles 2025 (GLP).
Sustainability-Linked Instruments
Sustainalytics is of the opinion that the Telenet Sustainable Finance Framework aligns with the Sustainability-Linked Bond Principles 2024 and Sustainability-Linked Loan Principles 2025. Overview of KPIs and SPTs:
KPI | Baseline | Strength of the KPI | SPT | Ambitiousness of SPT |
KPI 1: Absolute scope 1 and 2 GHG emissions (ktCO2e) | 2022 | Very Strong | Reduce absolute
scope 1 and 2 GHG
emissions by:
| Highly Ambitious |
KPI 2: Electricity sourced from renewable energy sources (%) | 2022 | Strong | SPT 2: Increase electricity sourced from renewable energy sources to 100% by 2030 | Moderately Ambitious |
KPI 3: Absolute scope 3 GHG emissions (ktCO2e) | 2022 | Very Strong | Reduce absolute
scope 3 GHG
emissions by:
SPT 3.1: 26% by 2027
| Highly Ambitious |