Genesis Energy Limited · NZX:GNE
Genesis Energy — Debt Investor Presentation (November 2021)
16 slides from Genesis Energy's debt investor presentation, November 2021
Slide 1: Sustainable Finance Framework
Genesis Energy Limited Sustainable Finance Framework November 2021 1
Slide 2: Contents
Contents 1. Purpose 3 2. Genesis and Sustainability 3 3. Genesis’ Sustainable Finance Framework 6 4. Proceeds Based Instruments 7 5. Important Notice 11 6. Sustainability-Linked Instruments 12 7. Climate Transition Finance 14 8. Sustainable Debt Governance 14 9. Continuous Improvement 14 Appendix 1:
Slide 3: 1. Purpose 2. Genesis and Sustainability
1. Purpose 2. Genesis and Sustainability Genesis Energy Limited (Genesis) has developed Genesis is an energy company that owns and operates a diverse portfolio of generation assets in New this Sustainable Finance Framework (Framework) Zealand, including hydropower, wind, and thermal generation. to r
Slide 4: Caring for our environment; Building Strong Communities
Caring for our environment Building Strong Communities • Emissions reductions: While Huntly plays an important role in supporting • Our People: Committed to providing a supportive and inclusive workplace, New Zealand’s current energy supply, Genesis is committed to being an we have implemented the f
Slide 5: Powering New Zealand; Supporting a 'Just Transition'
Powering New Zealand Supporting a ‘Just Transition’ • Putting control in our customers’ hands: To • A Just Transition is vital: Through the Just As at the date of this Framework, Genesis help customers make better energy choices, Transition, Genesis is committed to stepping is a member, supporter, o
Slide 6: 3. Sustainable Finance Framework
3. Sustainable Finance Framework 3.1 Sustainable Debt and Market Standards This Framework is consistent with the applicable sustainable finance principles and guidelines issued by the International Capital Market Association (ICMA), the Asia- Pacific Loan Market Association (APLMA) and the Climate B
Slide 7: 4. Proceeds Based Instruments
4. Proceeds Based Instruments Green Bonds and/or Loans are Sustainable Debt instruments where an amount equal to the 4.1 Use of Proceeds proceeds of the Green Bonds and/or Loans (Green Genesis intends to allocate its Green Debt proceeds to finance or refinance projects, assets and/or activities Debt
Slide 8: Eligible Categories and Eligibility Criteria
Eligible Categories (GBP/GLP) Eligibility Criteria SDG Alignment Renewable Energy Expenditure, financing or refinancing related to the construction⁶, transmission, Target 7.2: Increase maintenance, operation and/or expansion of renewable energy generation substantially the share projects. Renewable
Slide 9: 4.2 Project Evaluation and Selection; 4.3 Management of Proceeds
4.2 Process for Project Evaluation 4.3 Management of Proceeds and Selection: Genesis has established processes to ensure that Eligible Assets are properly 4.3.1 Tracking of proceeds identified and assessed to ensure compliance with this Framework. The processes include Genesis’ Sustainable Financing
Slide 10: 4.4 Reporting; 4.5 External Review
4.4 Reporting Genesis recognises the importance investors place on transparency and disclosure and will therefore make the following information available on its website Item Frequency Framework Upon establishment of this Framework and upon any amendment from time to time. External Review Upon estab
Slide 11: 5. Important Notice
5. Important Notice This Framework does not form part of the contractual terms of any Sustainable Debt. If Genesis fails to comply with this Framework (including its Sustainability Strategy) or satisfy the Market Standards, then (1) this does not constitute an event of default, event of review or an
Slide 12: 6. Sustainability-Linked Instruments
6. Sustainability-Linked Instruments Sustainability-Linked Bonds and Loans are Sustainable Debt issued or managed in accordance with the SLLP and/or the SLBP, where the cost of borrowing (bond coupon or loan margin/line fee) changes based on Genesis’ performance against ambitious targets that are ma
Slide 13: 6.2 Calibration of Sustainability Performance Targets
6.2 Calibration of Sustainability 6.4 Disclosure and reporting Performance Targets Genesis is committed to transparency and will disclose and report on its Based on the above KPIs, Genesis will determine one or more timebound Sustainability-Linked Instruments as follows. sustainability performance t
Slide 14: 7. Climate Transition Finance; 8. Sustainable Debt Governance
6.5 Verification 8. Sustainable Debt To provide stakeholders with certainty that Genesis’ Sustainability-Linked Instruments are structured and reported in alignment to the SLLP or SLBP (as Governance relevant), Genesis will seek external review of the following: Sustainability is integrated across G
Slide 15: Appendix 1: Alignment with ICMA's Climate Transition Finance Handbook
Appendix 1: Alignment with ICMA’s Climate Transition Finance Handbook Genesis’ Framework and broader Sustainability Strategy both align to the issuer-level disclosure recommendations in ICMA’s CTFH, as outlined below: Key Elements CTFH Recommendation Genesis’ Disclosures and Alignment Issuer’s clima
Slide 16: Appendix 2: Further Information
Appendix 2: Further Information More information on Genesis’ approach to sustainability can be found: On our website: http://genesisenergy.co.nz/ In our annual report: https://www.genesisenergy.co.nz/investors/reports-and-presentations#annual Contacts - Genesis 155 Fanshawe Street, Auckland 1010, Ne
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