vesteda green finance framework 1 oct final

The 2021 version represents a significant evolution of Vesteda's Green Finance Framework, most notably adding third-party validation through a Second-Party Opinion from Sustainalytics and explicitly aligning with Green Bond and Green Loan Principles 2021. The newer version provides clearer governance structures, specific reporting timelines (annual reporting on allocation, full allocation within two years), and expanded use of proceeds categories. It also introduces formalized compliance tracking mechanisms through quarterly reports to the Risk Committee and references specific UN Sustainable Development Goals (SDGs 7 and 11) that the investments are expected to advance.

• added Standards Alignment — Framework now explicitly aligned with Green Bond Principles 2021 and Green Loan Principles 2021, with formal Second-Party Opinion from Sustainalytics
• clarified Use of Proceeds — Three explicit categories defined: Acquisition and ownership of buildings, Renovation of existing buildings, and Construction of new buildings
• expanded Eligibility Criteria — Established formal Green Finance Framework Group composed of company managers to evaluate existing and potential eligible assets annually
• tightened Eligibility Criteria — Added quarterly compliance reporting to Risk Committee to verify that allocated assets meet framework criteria
• added Climate Target — Committed to reaching full allocation of proceeds within two years of issuance
• expanded Reporting — Annual public reporting on allocation now required, including breakdown by use of proceeds categories, outstanding volume, financing versus refinancing share, and average lookback period
• added Reporting — Commitment to report on relevant impact metrics in addition to allocation reporting
• added Standards Alignment — Explicit reference to advancing UN Sustainable Development Goals SDG 7 (Affordable and Clean Energy) and SDG 11 (Sustainable Cities and Communities)