may be refinanced, and, to the extent relevant, the expected look-back period for refinanced Social Projects. Social Projects directly aim to address or mitigate a specific social issue and/or seek to

the KPIs have not been previously disclosed, issuers should, to the extent possible, provide historical externally verified KPI values covering at least the previous 3 years. Care should be taken as

this Notification shall remain in full force and effect to the extent that they are neither inconsistent with nor contrary to the provisions of this Notification until the orders and circular letters

whether or not the company (and its management) have complied and, if not, the extent of, and reasons for, non-compliance.  (i) Governments in each country should adopt measures to ensure the independence

analyze and report our segments. To this extent, we have completed a comprehensive assessment of our portfolio, identified areas of synergies and natural alignment, and recalibrated our future capital

indirect individual account of an omnibus account to the extent that the client knows or should have known as a result of holding such omnibus account. (2) the client gives consent to the intermediary for

information specified under (a), (b) and (c) of direct or indirect individual account of an omnibus account to the extent that the client knows or should have known as a result of holding such omnibus account

information specified under (a), (b) and (c) of direct or indirect individual account of an omnibus account to the extent that the client knows or should have known as a result of holding such omnibus account

of such requesting will be proposed to the unitholders’meeting to the extent that it is clearly demonstrated that the allocation of units for raising capital would be in accordance with the rates and

SECOND PARTY OPINION1 ON CHANEL’S SUSTAINABILITY-LINKED BOND FRAMEWORK September 2020 BACKGROUND CHANEL (hereafter the “Issuer”) contemplates including three environmental factors to the Sustainability-Linked Bonds (the “SLBs”) to be issued in compliance with the Sustainability-Linked Bond Framework (the “Framework”) created to govern their issuances and following the Sustainability-Linked Bond Principles (the “SLBP”). The Framework will include the Issuer’s commitment to achieve specific target...