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Ref. Criteria
Requirements
Work Undertaken
DNV Findings
annual basis, the outstanding balance of the instruments will be reviewed. DNV concludes that the process set out in the Anchor’s Sustainability Financing Framework is aligned with the Management of Proceeds as set out in the GBP, SBP, GLP and SLP. The evidence reviewed shows that Anchor plans to manage the proceeds from the issued instruments, from the time of issuance to the time of disbursement and reduce the net balance of proceeds by amounts in line with the assets financing and refinancing requirements. On an annual basis, the outstanding balance of the Sustainability Bonds issued will be reviewed. Unallocated proceeds of the Sustainability Bonds will be held as cash deposits or in sterling denominated money market funds in line with Anchor ’s treasury policy or used as short-term repayment of debt before allocation to the nominated assets as per the Anchor Sustainability Financing Framework.
3b
Tracking procedure
So long as the Sustainability Bonds are outstanding, the balance of the tracked proceeds should be periodically reduced by amounts matching eligible green or social investments made during that period. Pending such investments or disbursements to eligible Green and Social Projects, the Issuer should make known to investors the intended types of temporary investment instruments for the balance of unallocated proceeds.
Review of: •
Anchor Sustainability Finance Framework
Correspondence with AH representatives
3c
Temporary holdings
Review of: •
AH Sustainability Financing Framework
Correspondence with AH representatives
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