Sustainability Performance Target 2 or "SPT 2" means [that [●] [meets or exceeds][falls below] [include and specify the specific target] by the Sustainable Performance Target Observation Date.]][●]
Sustainability Performance Target 2 or "SPT 2" means [that [●] [meets or exceeds][falls below] [include and specify the specific target] by the Sustainable Performance Target Observation Date 2 (and SPT 1 and SPT 2 each an "SPT").]][●]
Sustainability Performance Target 2 means attaining the target set forth in the Sustainability-Linked Financing Framework of a 16.7% reduction in Scope 1 and Scope 2 methane emissions intensity as of the last day of any fiscal year after the Issue Date (utilizing Scope 1 and Scope 2 methane emissions intensity for such fiscal year) relative to the December 31, 2021 baseline (subject to any Base Year Emissions Recalculation); provided that, if the Issuer subsequently issues a sustainability-linked debt instrument linked to a reduction in Scope 1 and Scope 2 methane emissions intensity by December 31, 2026 with a higher percentage of reduction, Sustainability Performance Target 2 shall be automatically adjusted upward to equal the percentage reduction required by such subsequent sustainability-linked debt instrument.
Examples of Sustainability Performance Target 2 in a sentence
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.
More Definitions of Sustainability Performance Target 2
Sustainability Performance Target 2 means [***].
Sustainability Performance Target 2 means attaining the Issuer’s target set forth in the Sustainability- Linked Securities Framework to achieve recycled aluminium input equal or higher than 685 thousand metric tons for the year ended December 31, 2026; provided, however, that for purposes of determining if Sustainability Performance Target 2 has been attained, the Issuer and its consolidated subsidiaries may exclude (A) recycled aluminium input attributable to any single or related series of material acquisitions completed since the Issue Date by the Issuer or any of its consolidated subsidiaries or (B) the impact of any material amendment to, or change in, any applicable laws, regulations, rules, guidelines and policies, applicable or relating to the business of the Issuer and its consolidated subsidiaries following the Issue Date.
Sustainability Performance Target 2 means the objective set out in the relevant Final Terms for the Carbon Intensity Reduction KPI to be observed on any Target Observation Date with respect to Monitored Scope 3 Emissions compared to those used as a baseline and observed on the Baseline Date.
Sustainability Performance Target 2 means [***]
Sustainability Performance Target 2 means the target to reduce the Group's GHG Emissions (Scope 3), as calculated by the Issuer, by 15% by 2025 compared to the 2019 Base Year;
Sustainability Performance Target 2 or "SPT 2" means that the additionally installed Transformer Capacity of the Issuer (including its Subsidiaries) reached at least 12,000 MVA by the Sustainable Performance Target Observation Date, whereby in this context, "additionally installed Transformer Capacity" means additional Transformer Capacity which is commissioned after 31 December 2020 (and SPT 1 and SPT 2 each a "SPT" and together, the "SPTs");
Sustainability Performance Target 2 means a Percentage of Third-party Brands and Marketplace Partners with Science Based Targets by Spend Covering Purchased Goods and Services of the Otto Group in respect of the financial year ending on 29 February 2028, of at least 50 per cent., subject to any Recalculation.]