Investor Presentaiton
Green bond framework
Second-Party Opinion
PSP Investments' Second-Party Opinion | CICERO
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°CICERO
SHADING:
°C
MEDIUM
GREEN
GOVERNANCE SCORE:
EXCELLENT
"Sound governance and
transparency processes"
"PSP has expectations for both portfolio companies and external managers to
align their business models with the low-carbon transition
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Relevant impact indicators for each project category "
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❝ Clear selection and monitoring process for investments under the framework
❝ Committed to transparent reporting
Board seats and control over large-scale private markets investments
will support the implementation and enforcement of the Green Bond
Framework criteria
"
PROCESS FOR PROJECT
EVALUATION AND SELECTION
A Green Bond Working Group comprised of representatives
from Treasury, Responsible Investment, Legal Affairs and
various investment teams, has been established and will meet
regularly. It is responsible for the assessment and selection of
Eligible Green Assets, and the management of the Green
Bond Register over the lifetime of all issuances.
MANAGEMENT OF PROCEEDS
The Treasury group will track, through the Register, the
allocation of net proceeds from the sale of any Green Bonds
to eligible Green Assets. The Green Bond Working Group will
review it on an annual basis to ensure that the Eligible
Green Assets continue to meet the eligibility criteria. Any
assets that are sold will be removed from the Register.
IMPACT REPORTING
PSP Investments intends to publish its inaugural Green Bond
Impact Report within one year from first issuance, and on
an annual basis thereafter. This will be made publicly
available on PSP's website and will include disclosure on
both allocation and impact objectives.
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