Achmea B.V.

Between the 2023 Impact Report and the 2024 Green Finance Framework, Achmea has undergone a significant structural shift from reporting on a specific historical bond's environmental performance to establishing a comprehensive forward-looking framework for future green finance issuances. The 2024 version introduces a formal Green Finance Framework with explicit sections on governance, project evaluation processes, and dual reporting commitments (allocation and impact), while the 2023 version focused on retrospective metrics for a completed portfolio. This represents a shift from reporting-only to an integrated framework that includes pre-issuance and post-issuance verification mechanisms, expanding Achmea's commitment to transparency and accountability in green finance.

• expanded Use of Proceeds — Shift from a single project portfolio focus (residential real estate certification) to a comprehensive Green Finance Framework with a dedicated 'Use of Proceeds' section outlining multiple eligible categories.
• expanded Standards Alignment — Added formal alignment with international and sector agreements (Section 2.2), EU Taxonomy Delegated Regulation reference maintained from 2023 but now integrated into broader sustainability strategy framework.
• expanded Eligibility Criteria — Introduced formal 'Process for Project Evaluation and Selection' section establishing systematic evaluation procedures, moving beyond the 2023 portfolio's static certification requirements.
• added Climate Target — Added explicit reference to 'Achmea's Climate Transition Plan' (Section 2.3) which was absent in the 2023 report.
• expanded Governance — Introduced dedicated governance section (2.5) and comprehensive verification framework including second-party opinion (pre-issuance) and limited assurance on allocation reporting (post-issuance).
• expanded Reporting — Expanded from single impact reporting format to dual reporting commitment: separate allocation reporting and impact reporting sections with formalized external verification mechanisms.
• modified Organizational Context — Updated customer base reference from '10 million' (2023) to 'more than 13 million' retail and business customers, reflecting organizational growth.