Sustainability Performance Target definition

Sustainability Performance Target means the percentage of the Balance of Green Loans to the Adjusted Gross Loans and Advances to Customers as of 31 December 2023, being equal to or greater than 10 per cent., which will be published on the official website of the Bank (http://www.ccb.com/) on or before the Target Observation Date. Such percentage is subject to verification by the External Verifier on a limited assurance basis as set out in the SPT Verification Assurance Confirmation;

Sustainability Performance Target. (SPT) means a target set out in a publicly available issuance document, measuring quantified improvements in the sustainability profile of the issuer or of one or more undertakings belonging to the same sustainability-linked bond issuer group over a predefined period of time with reference to one or more of the environmental objectives set out in Regulation (EU) 2020/852 of the European Parliament and of the Council (1) and/or to one or more of the Sustainable Development Goals set by the United Nations relating to climate change or environmental degradation (2);‌

Sustainability Performance Target means the sustainability performance target set out in the Sustainability Linked Bond Framework.

Examples of Sustainability Performance Target in a sentence

• Under the terms of the Notes, if the Company does not satisfy the Sustainability Performance Target and provide confirmation thereof to the Trustee together with a related confirmation by the External Verifier at least 30 days prior to July 16, 2026, the interest rate payable on the Notes will be increased by 25 basis points from July 16, 2026 to the Maturity Date.

• For purposes of optional redemption, interest will be calculated after the Interest Rate Step Up Date at the Subsequent Rate of Interest, unless the Sustainability Performance Target has been satisfied and the Issuer has provided Satisfaction Notification to the Trustee in writing on the Notification Date.

• The Trustee shall be entitled to conclusively rely on any Satisfaction Notice from the Issuer, shall have no duty to inquire as to or investigate the accuracy of any Satisfaction Notice, verify the attainment of Sustainability Performance Target 1 or Sustainability Performance Target 2, or make calculations, investigations or determinations with respect to the attainment of Sustainability Performance Target 1 or Sustainability Performance Target 2.

• The notes include a Sustainability Performance Target (SPT) to reduce scope 1&2 CO2 emissions by 19.1% in absolute terms by 2026 from a 2019 baseline, consistent with the Group’s SBTi approved target of 30% reduction by the end of 2030.

• The value of the accrued and unpaid interest will be calculated using the Subsequent Interest Rate, unless the Sustainability Performance Target has been satisfied and the issuer has provided the Satisfaction Notification to the trustee, in which case the Initial Rate of Interest will be used for making the calculation.

More Definitions of Sustainability Performance Target

Sustainability Performance Target means each of Sustainability Performance Target 1, Sustainability Performance Target 2, Sustainability Performance Target 3, Sustainability Performance Target 4 and Sustainability Performance Target 5.

Sustainability Performance Target means each of SPT 1 and SPT 2.

Sustainability Performance Target means each of the Women in Leadership Positions Sustainability Performance Target and the Industrial Water Withdrawal Sustainability Performance Target.

Sustainability Performance Target means the Issuer’s target of reducing absolute Scope 1 and 2 greenhouse gas emissions by 46 per cent from 2019 levels by the Target Observation Date (as such target or 2019 levels may be adjusted pursuant to the Framework).

Sustainability Performance Target means a reduction of Greenhouse Gas Emissions equal to a minimum of 21% for the GHG Performance Reference Period relative to the Greenhouse Gas Emissions for the Company’s fiscal year ended May 31, 2020 baseline period, provided, however, that the calculation of reduction of Greenhouse Gas Emissions may exclude (A) the amount in metric tons of CO2e attributable to any single or related series of acquisitions completed since October 14, 2021 by the Company that individually, or in the aggregate in the case of a related series, represent more than 5% of the Company’s annual net sales, calculated by reference to the Company’s audited consolidated financial statements for the fiscal year ended May 30, 2021 or (B) the impact of any material amendment to, or change in, any applicable laws, regulations, rules, guidelines and policies applicable to the Company following October 14, 2021.

Sustainability Performance Target means the Sustainability Performance Target (Carbon Intensity) and/or the Sustainability Performance Target (Specific Freshwater Withdrawal), as specified hereon and each such target, the “relevant Sustainability Performance Target”;

Sustainability Performance Target means each of the Scope 1 and Scope 2 Absolute GHG Emissions Percentage Target and/or the Scope 3 Absolute GHG Emissions Percentage Target, as applicable;