Second-Party Opinion Download

Sustainalytics is of the opinion that the Vía Célere Green Bond Framework is credible and impactful and aligns to the four core components of the Green Bond Principles 2018. This assessment is based on the following:

USE OF PROCEEDS

The eligible category for the use of proceeds, Green Buildings, aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers that the eligible category will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 11.

PROJECT EVALUATION/SELECTION

Vía Célere has established a Green Bond Committee (the “Committee”) in charge of the project evaluation and selection. The Committee will be responsible for ensuring the alignment of the projects with the eligibility criteria set in the Framework. Sustainalytics considers the project selection process in line with market practice.

MANAGEMENT OF PROCEEDS

Vía Célere’s Finance Department will be responsible for the management of proceeds. Vía Célere intends to reach full allocation within 24 months after issuance. Pending allocation, the proceeds may be invested in cash or cash equivalents or used to repay existing borrowings under general credit facilities of Vía Célere following the relevant internal treasury policies. This is in line with market practice.

REPORTING

Vía Célere intends to report on allocation of proceeds on its website, on an annual basis, until full allocation. The allocation reporting will include the total amount allocated to projects, the share of financing vs. refinancing, and unallocated proceeds. In addition, Vía Célere is committed to reporting on relevant impact metrics, such as energy consumption reduction (in kWh) or emission reduction (in tons of CO₂e). Sustainalytics views Vía Célere’s allocation and impact reporting as aligned with market practice.