Grow & Impact
SECOND PARTY OPINION BY ISS-ESG
GROW &
IMPACT
"The Framework is in line with the Sustainability-Linked Bond
Principles by ICMA and Sustainability-Linked Loan Principles by
LMA, APLMA and LSTA"
ISS ESG‣
ISS ESG
KPI 1: Absolute Scope
1&2 CO₂ emissions
Relevant and Core
Material to the company's direct operations
Ambitious against past performance
SECOND PARTY OPINION (SPO)
Sustainability Quality of the Issuer and Sustainability-Linked
Financing Framework
Compagnie de Saint-Gobain
27 July 2022
KPI 2: Absolute Scope
3 CO2 emissions
Relevant and Core
Material to the company's upstream value chain
Ambitious against past performance
VERIFICATION PARAMETERS
Type(s) of instruments
contemplated
KPI 3: Non-recovered
production waste
Relevant and Core
Moderately Material
Ambitious against past performance
KPI 4: Total recordable
accident rate
Relevant, Core and Material
Ambitious against past performance and peers
Sustainability-Linked Financing Instruments
Relevant standard(s)
Scope of verification
Lifecycle
Sustainability-Linked Bond Principles, as administered by ICMA
(06.2020)
Sustainability-Linked Loan Principles, as administered by LMA, the
APLMA and LSTA (03.2022)
Saint-Gobain's
Sustainability-Linked Financing
(25.07.2022)
Pre-issuance verification
Framework
Validity
As long as Saint-Gobain's Sustainability-Linked Financing
Framework and benchmarks for the Sustainability Performance
target(s) remain unchanged.
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AUGUST 2022 INVESTOR PRESENTATION
46
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