appropriately described in the legal documentation of the security. All designated eligible Social Projects should provide clear social benefits, which will be assessed and, where feasible, quantified by the

eligible Green Projects should provide clear environmental benefits, which will be assessed and, where feasible, quantified by the issuer. In the event that all or a proportion of the proceeds are or may be

calculation methodology (e.g. clear definition of the denominator of intensity-based KPIs, definition of a baseline, and where feasible, science-based or benchmarked against an industry standard (e.g. consider

Sustainability-linked bond/loan An inclusive framework promoting an economy-wide transition Only a few economic activities operate at or near zero emissions today. For some high-emitting activities, feasible low

environmental benefits, which will be assessed and, where feasible, quantified by the Issuer. 4.1.4 In the event that all or a proportion of the proceeds are or may be used for refinancing, it is recommended that

appropriately described in the legal documentation for the security. All designated Green Projects should provide clear environmental benefits, which will be assessed and, where feasible, quantified by the issuer

assessed and, where feasible, quantified by the Issuer. 4.1.4 In the event that all or a proportion of the proceeds are or may be used for refinancing, it is recommended that Issuers provide an estimate of

. All designated Social Projects should provide clear social benefits, which will be assessed and, where feasible, quantified by the issuer. In the event that all or a proportion of the proceeds are or

feasible to develop a rule-based portfolio investment strategy that captures risk-adjusted returns and generates alpha? Can an investment strategy be formulated utilizing ESG scores and intangible capital

of the assets underlying a structured finance product change materially. Where feasible and appropriate for the size and scope of its credit rating business, this function should be independent of the