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Ref. Criteria
Requirements
Work Undertaken
DNV Findings
Issuer’s environment al and social and governance framework
In addition to information disclosed by an issuer on its Sustainability Bond process, criteria and assurances, Sustainability Bond investors may also take into consideration the quality of the issuer’s over all framework and performance regarding environmental and social sustainability .
Review of: •
From the materials and information provided DNV confirmed that Anchor has in place policies related to ESG and stakeholder care in line with the key contact points and impacts of their business. We have also carried out a high-level media review of Anchor. We have found no evidence to suggest that Anchor or any of its assets are or have been operating in breach of national or local environmental regulations or good practice. Based on the evidence reviewed and the discussion we had with senior managers, we found nothing to suggest that Anchor ’s E&S Framework is not in line with good practice of the industry for the nominated projects and assets within the proposed issuance of green, social or sustainability instruments.
2b
Anchor E&S Framework Anchor Sustainability Financing Framework
•
Correspondence representatives
with
AH
3. Management of proceeds
Ref. Criteria
Requirements
Work Undertaken
DNV Findings
3a
Tracking procedure
The net proceeds of Sustainability Bonds should be credited to a sub- account, moved to a sub-portfolio or otherwise tracked by the Issuer in an appropriate manner and attested to by a formal internal process that will be linked to the Issuer ’s operations for Green and Social Projects.
Review of: •
The evidence reviewed shows how Anchor plans to manage the issuance proceeds, from the time of issuance to the time of disbursement. An amount equal to the net proceeds will be earmarked for allocation to the Eligible Projects in accordance with Anchor ’s Sustainability Financing Framework. The details of the disbursement and the outstanding value will be tracked in Anch or’s internal financial reporting system . On an
Bond Proceeds and reporting framework Bond Allocation Impact Report 22-23
•
Correspondence with AH representatives
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