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...

decarbonization path defined against the emission baseline of particular ship class in 2008 (see section 3.5.1.1. for details on that). The activity must demonstrate 40% reduction of emissions against the baseline

provision: “SECTION 96 The SEC may require a securities company to have a paid-up registered capital in an amount specified for operation of securities business in any particular category or manner.” SECTION

client has no excessive assets but has deposited money or listed securities as collateral for each particular securities trading, the securities company shall calculate the purchasing power and the short

case of false statement or particular, or lack of any material information that should have been disclosed, any unitholder who purchases the REIT units within one year since the Registration Statement

more appropriate indicator. The use of revenue, CapEx, or OpEx is dependent on the vehicle being financed. In particular, where capital is being extended to fund a particular activity or project, then

; (3) duties of voluntarily delisted company would be ceased in particular of the offer for sale of shares and warrants (if any) on the condition that the company complies with any of the following

disclosure and decision-making in conflict of interest situations. For example, any party who has a vested interest in a particular transaction, should disclose that interest, and not be involved in the

being central to how all business transactions are conducted. In particular, the Standards will assist private enterprises to employ the SDGs to allocate capital more effectively. It will also help them

recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0