ANNEX II
EUROPEAN GREEN BOND ANNUAL ALLOCATION REPORT
[where the allocation report is revised, the title shall reflect this]
This document and its contents are not subject to any approval or endorsement from ESMA or any other competent authority.
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1. General information — [Date of issuance of the bond(s) or tranches of the bond(s)] — [Date of publication of the allocation report] — [The first and last date of the period to which the annual allocation report refers: [date – date]] — [The legal name of the issuer] — [Where available, the legal entity identifier (LEI) of the issuer] — [Website address providing investors with information on how to contact the issuer] — [Where available, the name of the bond(s) assigned by the issuer] — [Where available, the international securities identification numbers (ISIN) of the bond(s) and its/their tranches] — [Where the allocation report has been subject to post-issuance review, the identity and contact details of the external reviewer] — [Where applicable, the name of the competent authority that has approved the bond prospectus(es)] |
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2. Important information [The following statement: “[This bond uses] [These bonds use] the designation ‘European Green Bond’ or ‘EuGB’ in accordance with Regulation (EU) 2023/2631 of the European Parliament and of the Council (1).”] [Where the proceeds of the bonds [are intended to be] [have been] allocated in accordance with Article 5 of that Regulation, the following statement: “[This European Green Bond makes] [These European Green Bonds make] use of the flexibility permitting a partial non-alignment with the technical screening criteria set out in the delegated acts adopted pursuant to Article 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 of the European Parliament and of the Council (2) (‘the technical screening criteria’), as further described in Section 4 of this allocation report.”] |
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3. Environmental strategy and rationale Overview [The environmental objectives referred to in Article 9 of Regulation (EU) 2020/852 pursued by the bond[s]] Link with assets, turnover, CapEx, and OpEx key performance indicators [Where the issuer is subject to Article 8 of Regulation (EU) 2020/852, a description of how, to what extent (e.g., expressed as a percentage change year-on-year), and in which financial periods, bond proceeds contribute to the issuer’s key performance indicators for taxonomy-aligned assets, turnover, capital expenditure and operating expenditure, taking into account the amounts in the ‘Totals’ table in Table A, where applicable.] Link to the transition plan [Where the issuer is subject to an obligation to publish plans pursuant to Article 19a(2), point (a)(iii), or, where applicable, Article 29a(2), point (a)(iii), of Directive 2013/34/EU of the European Parliament and of the Council (3), or where the issuer voluntarily publishes transition plans: — the manner in which bond proceeds contribute to funding and implementing those plans. The information may be given at an economic activity level or at a project-by-project level; and — a link to the website where those plans are published.] [Where applicable in the case of securitisation, the information required in Article 19(2) of Regulation (EU) 2023/2631.] |
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4. Allocation of bond proceeds [The information listed below shall be provided at least at the level of the economic activity, and ideally at the level of the project or group of projects. Confidentiality agreements, competitive considerations, or a large number of underlying qualifying projects and similar considerations may justify limiting the amount of detail that is made available. Where bond proceeds are allocated to expenditure as referred to in Article 4(3) of Regulation (EU) 2023/2631 the information may be provided at programme level.] Allocation to taxonomy-aligned economic activities — [Whether the issuer is allocating proceeds in accordance with the gradual approach or the portfolio approach, and whether the bond(s) is a/are securitisation bond(s).] — [Where applicable in accordance with Article 11(6) of Regulation (EU) 2023/2631, a statement that the composition of the portfolio of financial assets and/or fixed assets has not changed, compared to the year covered by the previous allocation report.] — [The issuer shall complete either Table A or Table B below, depending on whether the gradual approach or the portfolio approach to the allocation of proceeds is used. The corresponding totals shall also be completed.] — [Confirmation of compliance with Article 3, point (c), of Regulation (EU) 2020/852 (minimum safeguards).] — [Where the issuer is a sovereign, and bond proceeds have been allocated to tax relief as set out in Article 4(3) of Regulation (EU) 2023/2631, an estimate of the revenue loss associated with eligible tax relief.] Allocation to specific taxonomy-aligned economic activities — [Where bond proceeds are allocated to an enabling or transitional economic activity, which type of enabling or transitional economic activity is financed and the amount and proportion of proceeds allocated to each type of enabling or transitional economic activity.] — [Where applicable, the amount and proportion of assets relating to taxonomy-aligned activities related to nuclear energy and fossil gas in accordance with Articles 10(2) and 11(3) of Regulation (EU) 2020/852.] Allocation to economic activities not aligned with the technical screening criteria — [Where bond proceeds are allocated in accordance with Article 5 of Regulation (EU) 2023/2631, a statement that the [net] proceeds of the bond are partially allocated to economic activities that are not aligned with the technical screening criteria. The issuer shall describe such non-alignment, the activities concerned and the percentage of the proceeds that have been allocated to such activities as a total and on a per-activity basis, including a breakdown describing which point(s) of Article 5(1) of Regulation (EU) 2023/2631 is/are being used. Furthermore, an explanation why the technical screening criteria cannot be applied and an explanation of the manner in which the issuer has ensured that those activities comply with Article 5(3) and (4) of Regulation (EU) 2023/2631 and Article 3, points (a), (b) and (c), of Regulation (EU) 2020/852.] — [An estimate of the amount of cumulative issuance costs that are deducted from the proceeds, as permitted under Article 4(1) Regulation (EU) 2023/2631, with an accompanying explanation.] |
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5. Environmental impact of bond proceeds [No information is required to be provided under this Section of the report.] |
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6. Information on reporting — [A link to the issuer’s website referred to in Article 15(1) of Regulation (EU) 2023/2631.] — [Where applicable, a link to the issuer’s relevant reports, such as the consolidated management report or the consolidated sustainability report pursuant to Directive 2013/34/EU.] |
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7. CapEx plan — [Where applicable, progress made in the implementation of the CapEx plan referred to in Article 7 of Regulation (EU) 2023/2631 and the estimated date of completion of the projects therein.] — [Where there has been any delay or deviation that has a significant impact on the implementation of the CapEx plan, the issuer shall provide the reasons therefor, in accordance with Article 11(2) of that Regulation.] — [Where applicable, the plan referred to in Article 8(3) of that Regulation.] |
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8. Other relevant information |
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(1)
Regulation (EU) 2023/2631 of the European Parliament and of the Council of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (OJ L, 2023/2631, 30.11.2023, ELI: http://data.europa.eu/eli/reg/2023/2631/oj).
(2)
Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).
(3)
Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, p. 19). |
[In the case of a securitisation bond, references to the issuer in this document shall be construed as and, where appropriate, replaced with references to the originator.]
Table A: Taxonomy alignment of proceeds information for bonds making use of the gradual approach to the allocation of bond proceeds
[The information in the table below shall be provided at least at the level of the economic activity and ideally at the level of the project or group of projects. Confidentiality agreements, competitive considerations or a large number of underlying qualifying projects and similar considerations may justify limiting the amount of detail that is made available. Where bond proceeds are allocated to expenditure as referred to in Article 4(3) the information may be provided at programme level.]
The information in the table below covers the period from the issuance of the bond concerned up to the reporting date.
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1. Project (or group of projects or economic activity) name, location and description |
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1.1. (for each project/group of projects/economic activity, as applicable) [Name] |
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1.2. [Location] |
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1.3. [Basic description] |
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2. Amount of proceeds allocated from the bond(s) |
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2.1. [bond proceeds allocated to this project/group of projects/economic activity since the issuance date] |
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2.2. [bond proceeds allocated to this project/group of projects/economic activity in the reporting period] |
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2.3. Share of project that is funded by the bond(s) |
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3. Share of total proceeds used for financing (in the year of issuance or after the year of issuance) or refinancing (earlier) |
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3.1. [the share of the amount in row 2.1 used for financing and refinancing] |
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3.2. [the share of the amount in row 2.2 used for financing and refinancing] |
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4. Type and sector of economic activities funded by the bond(s) |
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4.1. [For each of the economic activities related to the project funded by the bond(s): the types/sectors] |
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4.2. [For each of the economic activities related to the project funded by the bond(s): where applicable, the respective NACE codes in accordance with the statistical classification of economic activities established by Regulation (EC) No 1893/2006 of the European Parliament and of the Council (1)] |
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5. Amount of proceeds allocated from the bond(s) that are taxonomy-aligned |
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5.1. [of the total bond proceeds allocated to the project, the amount that is allocated to an activity which is taxonomy-aligned since the issuance date] |
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5.2. [percentage share of amount given in row 2.1] |
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5.3. [of the bond proceeds allocated to the project in the reporting period, the amount that is allocated to an activity which is taxonomy-aligned in the reporting period] |
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5.4. [percentage share of amount given in row 2.2] |
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6. Environmental objectives and technical screening criteria |
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6.1. [The targeted environmental objective(s), as referred to in Article 9 of Regulation (EU) 2020/852] |
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6.2. [An indication of which delegated acts adopted in accordance with Article 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are used to determine the technical screening criteria, and their application dates] |
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6.3. [Information on the methodology and assumptions used for the calculation of key impact metrics in accordance with delegated acts adopted under Articles 10(3), 11(3), 12(2), 13(2), 14(2) and 15(2) of Regulation (EU) 2020/852, and for any additional impact metrics] |
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7. Nature of environmentally sustainable assets and expenditure |
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7.1. [of the amount allocated in the reporting period in row 5.3, capital expenditure amount] |
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7.2. [of the amount allocated in the reporting period in row 5.3, operating expenditure amount] |
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7.3. [of the amount allocated in the reporting period in row 5.3, fixed assets amount] |
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7.4. [of the amount allocated in the reporting period in row 5.3, financial assets amount] |
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8. Other relevant information |
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8.1. [Other relevant information, such as relevant environmental key performance indicators, and also links to websites with relevant information and links to relevant public documents with more detailed information, such as the website of the company describing the project or a report by an environmental consultancy] |
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(1)
Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1). |
Totals:
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Since issuance |
[reporting period] |
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Total amount of bond proceeds allocated since issuance: [X] Of which, total amount of bond proceeds allocated to taxonomy-aligned economic activities since issuance: [X] |
Total amount of bond proceeds allocated in the reporting period: [X] Of which, total amount of bond proceeds allocated to taxonomy-aligned economic activities in the reporting period: [X] Of which: — Total amount of bond proceeds allocated to taxonomy-aligned capital expenditure in the reporting period: [X] — Total amount of bond proceeds allocated to taxonomy-aligned operating expenditure in the reporting period: [X] — Total amount of bond proceeds allocated to taxonomy-aligned [other] in the reporting period: [X] |
Table B: Taxonomy alignment of proceeds information for bonds making use of the portfolio approach to the allocation of bond proceeds
[The information in the table below shall be provided at least at the level of the economic activity, and ideally at the level of the project or group of projects. Confidentiality agreements, competitive considerations or a large number of underlying qualifying projects and similar considerations may justify limiting the amount of detail that is made available. Some or all of the required information may be given outside of the table format.]
The information in the table below covers the reporting period.
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Outstanding European Green Bonds |
Portfolio of environmentally sustainable assets |
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[An overview over all outstanding European Green Bonds, indicating their individual and combined value.] |
[An overview over the eligible financial assets and assets as referred to in Article 4(2) of Regulation (EU) 2023/2631 on the issuer’s balance sheet, indicating: 1. [Name, location, and basic description of project] 2. [Where available, an indication of the proceeds that are intended to be allocated to this project from the bond] 3. [Where available, an indication of the share of the amount in point 2 to be used for financing and refinancing] 4. [For each of the economic activities related to the project funded by the bond: the types/sectors and, where applicable, the respective NACE codes in accordance with the statistical classification of economic activities established by Regulation (EC) No 1893/2006] 5. [Where available, the amount of the proceeds for that project funded by the bond that are allocated to an activity which is taxonomy-aligned] [percentage share of amount given in point 2] 6. [The targeted environmental objective(s), as referred to in Article 9 of Regulation (EU) 2020/852] [An indication of which delegated acts adopted in accordance with Article 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are used to determine the technical screening criteria, and their application dates] [Information on the methodology and assumptions used for the calculation of key impact metrics in accordance with delegated acts adopted under Articles 10(3), 11(3), 12(2), 13(2), 14(2) and 15(2) of Regulation (EU) 2020/852, and for any additional impact metrics.] 7. [Where available, the breakdown of the amount referred to in point 5 according to whether proceeds are allocated to fixed assets or financial assets.] 8. [Where applicable, additions or removals from the project portfolio in the event that new European Green Bonds are added to the portfolio or that (maturing) European Green Bonds are removed from the portfolio]. 9. [Where available, indicate the amount and/or number of new projects versus the amount of new European Green Bond issuance in the calendar year of issuance.] 10. [Other relevant information, such as relevant environmental key performance indicators, and also links to websites with relevant information and links to relevant public documents with more detailed information.] |
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Total value of portfolio of outstanding European Green Bonds: |
Total value of portfolio of environmentally sustainable assets: Total value of portfolio of environmentally sustainable assets related to an activity that is taxonomy-aligned: |