SPT 1 definition

SPT 1 means the reduction of the sum of CO2e- emissions Scope 1 and Scope 2 by at least [SPT 1 Percentage] per cent. compared to the Base Year, subject to any Recalculation, by [SPT 1 Year].

SPT 1 means that the Fossil-fuel Independent Vehicles Percentage shall be equal to or more than fifty (50) per cent. by 31 December 2025.

SPT 1 means, in relation to any day, the cumulative electricity volume of the Issuer’s SPT 1 Businesses as at that day that is sourced from renewable sources, including (without limitation) on-site renewable electricity generation and renewable electricity supply agreements or where renewable sources are not reasonably practicable, from renewable source equivalents through (without limitation) renewable energy certificates, expressed as a percentage of total electricity as at that day for the Issuer’s SPT 1 Businesses.

Examples of SPT 1 in a sentence

• If the Issuer determines that the cumulative electricity volume of the Issuer’s SPT 1 Businesses from renewable sources and/or renewable source equivalents cannot be measured, the Issuer must use reasonable estimates for the purposes of measuring SPT 1 in accordance with paragraph 3(a) above.

• For the period from the Issue Date until the SPT 1 Test Date, the Issuer will measure, and will report no later than 90 days following the end of each calendar year, on the Issuer’s performance in respect of SPT 1 as at 31 December of the previous calendar year.

• If SPT 1 as at the SPT 1 Test Date does not equal the SPT 1 Target, a “SPT 1 Trigger Event” occurs.

• SPT 1 does not specify which stage of the building’s life cycle these emissions reductions come from.

• If the Issuer cannot, for any reason, measure the cumulative electricity volume of the SPT 1 Businesses sourced from renewable sources and renewable source equivalents as at the SPT 1 Test Date, the Issuer must measure the cumulative electricity volume of SPT 1 according to the methodology which the Issuer applied on the Issue Date.

More Definitions of SPT 1

SPT 1 means [in case of more than one SPT 1: (A)] [amount] kilogramme net CO2 emitted per ton of Cementitious Material (kg net CO2/t cem.) for the financial year [relevant year] (the "SPT 1 [in case of more than one SPT 1: (a)]") [in case of more than one SPT 1: [and] (B) [amount] kilogramme net CO2 emitted per ton of Cementitious Material (kg net CO2/t cem.) for the financial year [relevant year] (the "SPT 1(b)")].A "SPT 1 Event" occurs [in case of more than one SPT 1: (A)] if the Verification Assurance Certificate does not confirm that the amount of KPI 1 as shown in the Relevant Determination Report is equal or below the SPT 1 [in case of more than one SPT 1: (a)] (the "SPT 1 [in case of more than one SPT 1: (a)] Event") or if no Verification Assurance Certificate is available latest on the Target Reporting Date [in case of more than one SPT 1: [and] [or] (B) if the Verification Assurance Certificate does not confirm that the amount of KPI 1 as shown in the Relevant Determination Report is equal or below the SPT 1(b) (the "SPT 1(b) Event") or if no Verification Assurance Certificate is available latest on the Target Reporting Date].The SPT 1 Event shall become effective as of the date of publication of the Verification Assurance Certificate or one Business Day after the Target Reporting Date, whichever occurs earlier.][In the case of KPI 2, the following applies:

SPT 1 means a reduction in the Group’s total GHG Emissions, calculated under the market- based approach, by 55 per cent. per Tonnes Sold Food from the 2020 Baseline.

SPT 1 means (A) 500 kilogramme net CO2 emitted per ton of Cementitious Material (kg net CO2/t cem.) for the financial year 2026 (the "SPT 1 (a)") and (B) 400 kilogramme net CO2 emitted per ton of Cementitious Material (kg net CO2/t cem.) for the financial year 2030 (the "SPT 1 (b)").A "SPT 1 Event" occurs (A) if the Verification Assurance Certificate does not confirm that the amount of KPI 1 as shown in the Relevant Determination Report is equal or below the SPT 1 (a) (the "SPT 1 (a) Event") or if no Verification Assurance Certificate is available latest on the Target Reporting Date relevant for SPT 1 (a) and / or (B) if the Verification Assurance Certificate does not confirm that the amount of KPI 1 as shown in the Relevant Determination Report is equal or below the SPT 1 (b) (the "SPT 1 (b) Event") or if no Verification Assurance Certificate is available latest on the Target Reporting Date relevant for SPT 1 (b).The SPT 1 Event shall become effective as of the date of publication of the Verification Assurance Certificate or one Business Day after the relevant Target Reporting Date, whichever occurs earlier.STATUS, NEGATIVE PLEDGE AND GUARANTEE

SPT 1 means a reduction in the Group’s total Landlord-Controlled Energy Intensity against the 2019 Benchmark by 3.8 per cent. per annum.

SPT 1 means ensuring that the Recycled Plastic Percentage is at least fifty-five (55) per cent. by 31 December 2026.

SPT 1 means, with respect to any calendar year, the SPT 1 for such calendar year as set forth in the Sustainability Table; provided that, each year’s SPT 1 is cumulative, aggregating submissions made from January 1, 2022 through and including the end of such calendar year.

SPT 1 means the year-on-year increase in Net Fee Income of the Group generated from Non- Oil & Gas Projects.