Anchor Sustainability Report 2022-2023

Page 8 of 12

Ref.

Criteria

Requirements

Work Undertaken

DNV Findings

Correspondence with Anchor representatives

Refinancing share

In the event that a proportion of the proceeds may be used for refinancing, it is recommended that issuers provide an estimate of the share of financing vs. re-financing, and where appropriate, also clarify which investments or project portfolios may be refinanced.

Review of: •

DNV confirms that 70% of the bond has been allocated on issue for re- financing of Anchor’s existing loan book, and 30% of the Bond was allocated to new eligible projects in accordance with the Sustainability Financing Framework and as at 31 March 2023 had been fully allocated to eligible projects.

1d

Sustainability Framework

Financing

Bond Allocation Impact Report 22-23

Correspondence with Anchor representatives

2. Process for Project Selection and Evaluation

Ref. Criteria

Requirements

Work Undertaken

DNV Findings

Investment- decision process

The Issuer of a Sustainability Bond should outline the decision-making process it follows to determine the eligibility of projects using Sustainable Bond proceeds. This includes, without limitation: •

Review of: •

As per the Anchor Sustainability Finance Framework, Anchor has set out the following for project selection: Project evaluation and selection is the responsibility of the Sustainability Committee which meets quarterly, or as often as required, to consider the eligibility of assets and projects in the context of the Development Strategy and the Asset Management Strategy 2021-2025. The Sustainability Committee is the custodian of the sustainability strategy and, as part of its remit, maintains oversight of this Framework. DNV has reviewed the structure and function of the Project Selection criteria and confirmed it is in line with the criteria set out in the GBP, SBP, GLP and SLP.

2a

Anchor Sustainability Financing Framework Bond Allocation Impact Report 22-23

A process to determine how the projects fit within the eligible Green and Social Projects categories identified in the Green and Social Bond Principles; The criteria making the projects eligible for using the Sustainable Bond proceeds; and The environmental and social sustainability objectives

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