Climate Contract Playbook Edition 3
130
(ii)
If the number of Achieved SPTs is under [50%] of the total number of Sustainability Performance Targets as at the most recent Sustainability Performance Test Date then the Sustainability Linked Margin Increase shall apply.
2. Representations 2.1 [Insert sustainability linked reps and warranties – for example, correct form of reporting on SPTs etc.]
3.
Information Undertakings
Sustainability Compliance Certificate (a) Within 30 days of each Sustainability Performance Test Date, each Sustainability Linked Borrower shall supply the Sustainability Coordinator with a Sustainability Compliance Certificate setting out (in form and substance satisfactory to the Sustainability Coordinator, acting reasonably) computations and information in compliance with this Clause 3.1. (b) Each Sustainability Compliance Certificate shall: (i) report on achievement of each Sustainability Performance Target as at the relevant Sustainability Performance Test Date, including identification of those it considers to be Achieved SPTs; (ii) include any relevant report, certification, rating or any other information as contemplated by any Sustainability Performance Target; (iii) detail any assumptions used by the Sustainability Linked Borrower in its preparation and include reasonable supportive evidence as to compliance with each Sustainability Performance Target, which has been independently verified by a Sustainability Expert (the costs of which shall be paid by the Sustainability Linked Borrower); and (iv) be signed by two directors of the Sustainability Linked Borrower.
3.1
(c) Each Sustainability Compliance Certificate provided to the Sustainability Coordinator pursuant to this Clause 3 [(including any documentation produced in the verification of the relevant Sustainability Compliance Certificate pursuant to clause 3.1(b)(iv) above)] shall be made available for public access on its website by the Sustainability Linked Borrower [within [3] months of delivery to the Sustainability Coordinator][, and additionally shall be referenced in its annual [sustainability] report]. (d) [If requested to do so by the Majority Lenders, the Sustainability Coordinator shall discuss the Sustainability Compliance Certificate or any aspect of it with the relevant Sustainability Expert[s] and report on those discussions to the Lenders. The Sustainability Linked Borrower shall pay the reasonable costs and expenses of the Sustainability Coordinator and the Sustainability Experts so incurred.] 3.2 Sustainability Strategy Each Obligor shall: (e) at all times and in all material respects procure that the Group’s business is carried out in accordance with the Sustainability Strategy; and
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