Investor Presentaiton
SPO of LBP's GSS Bond Framework ...
... including assessment of LBP's EU Taxonomy alignment evaluation process
The Framework has obtained
the SQS2-Very Good rating by
the Second Party Opinion
(SPO), MIS
According MIS, the Framework
is aligned with the best
market practices for the four
main components of the ICMA
Green and Social Principles
La Banque Postale
Second Party Opinion - Green, Social and Sustainability Bond
Framework Assigned SQS2 Sustainability Quality Score
Summary
We have assigned an SQS2 Sustainability Quality Score (very good) to La Banque Postale's
(LBP) green, social and sustainability bond framework dated 7 July 2023. LBP has established
its use-of-proceeds framework to finance projects across 10 eligible categories, of which five
are green and five are social. LBP has described the main characteristics of the sustainability
bonds within a formalized bond framework that is aligned with the International Capital
Market Association's (ICMA) Green Bond Principles (GBP) 2021 (including June 2022,
Appendix 1), Social Bond Principles 2023 and Sustainability Bond Guidelines 2021. The
company has also incorporated recommended practices under these principles and identified
best practices for all four components. The framework also demonstrates a significant
contribution to sustainability. In addition, we consider that the 16 eligible subcategories
falling under specified EU taxonomy economic activities within three eligible categories and
Located in France adhere to all the EU taxonomy criteria based on the information provided
by the entity, as detailed in Appendix 3.
Sustainability quality score
SQS2
Alignment with principles
USE OF PROCEEDS
Overall alignment
Not
aligned
FACTORS
SQS5
Weak
SQS4
SQS3
Intermediate Good
SQS2
Very good
SQS1
Excellent
Contribution to sustainability
Overall contribution
Partially
aligned
Aligned
Best
Poor
practices
Use of proceeds
Evaluation and selection.
Management of proceed
Reporting
ALIGNMENT
Limited Moderate Significant Hight
Expected impact
Relevance and magnitude
ADJUSTMENTS
ESG risk management
Coherence
Nu adjustment
No adjustment
MOODY'S
INVESTORS SERVICE
ZOOM ON EU TAXONOMY ASSESSMENT
7.
Moody's considers that the 16 eligible subcategories falling
under specified EU taxonomy economic activities within
three eligible categories adhere to all the EU taxonomy
criteria
A portion of eligible investments have been assessed:
assets located in France, and assets falling under specified
taxonomy activities within:
Green buildings
Renewable energy
Clean transportation
1. Slides in Appendices
The framework demonstrates a
significant contribution to sustainability
"
INVESTOR PRESENTATION - SEPTEMBER 2023
LA
BANQUE
POSTALEView entire presentation