Sustainable Finance Impact Report
ESG 2023 - 2024
Our first sustainable finance impact report
This year we published our first Sustainable Finance Framework (SFF).
The establishment of the framework aligns our social purpose and low carbon strategy with our funding and financial strategy. We have selected a number of eligible areas which are fundamental elements of our business model and deliver the most positive societal and environmental impacts.
We are committed to investing in projects that support environmentally and socially sustainable outcomes for the benefit of society, the environment and identified target populations.
An amount equivalent to the net proceeds raised under this Sustainable Finance Framework will be used to finance and/or refinance in whole or in part new or existing Eligible Projects, subject to the ICMA and LMA principles. The use of proceeds will not be used for activities that fall outside the framework’s activities and criteria.
We appointed DNV Business Assurance Services UK Limited (DNV) to independently verify our Sustainable Finance Framework and its alignment with the relevant ICMA and LMA Principles. We also received assurance on our methodologies for calculating use of proceeds in our impact reports.
Our full impact report is accessible on our investor hub online.