Alliander Green Finance Framework August 2022

Between 2020 and 2022, Alliander's Green Finance Framework underwent a significant structural evolution from a basic sustainability narrative to a formally verified green finance standard. The 2022 version introduces explicit alignment with the Green Bond Principles (GBP) and Green Loan Principles (GLP), adds EU Taxonomy compliance verification, and incorporates a comprehensive Second Party Opinion assessment. This shift reflects a more rigorous governance approach and expanded standards alignment that strengthens the credibility and measurement framework for green finance instruments.

• added Standards Alignment — Green Bond Principles (GBP, updated June 2021) and Green Loan Principles (GLP, updated February 2021) now explicitly referenced and verified as applicable standards
• added Standards Alignment — EU Taxonomy Climate Delegated Act (June 2021) introduced as new alignment framework for selection criteria verification
• added Standards Alignment — Second Party Opinion (SPO) from ISS ESG added as formal verification mechanism for framework quality and issuer sustainability assessment
• expanded Use of Proceeds — Framework expanded to explicitly include multiple instrument types (bonds, loans, commercial paper) beyond the 2020 implicit scope
• added Standards Alignment — Formal ISS ESG Corporate Rating Methodology and alignment assessment with UN SDGs introduced as part of verification scope
• added Standards Alignment — Environmental and social risk management framework now explicitly documented and assessed for eligible use of proceeds categories