March 2022
CIC has not carried out any audit mission for nor commissioned any consultancy services with Demo and there is no established relationship (financial or others) between CIC and Demo.
The opinion provided herein is an independent opinion on the sustainability credentials and management of the financial instrument, based on the information made available to CIC. CIC has neither interviewed any of the Demo’s employees, nor performed any on-site assessment and tests to check the accuracy of the information provided by Demo. The accuracy, comprehensiveness and trustworthiness of the information collected rests with Demo. CIC, in providing this opinion, has not certified the effectiveness, the quality or the irreversibility of the assets to be financed by the sustainable financing instrument. Demo is fully responsible for attesting the compliance with its commitments defined in its policies, for their implementation and monitoring. The opinion delivered by CIC neither focuses on the financial performance of Demo, nor on the effective allocation of its proceeds. CIC is not liable for the consequences arising if third parties use this opinion either to make investment decisions or to make any kind of business transaction.
The opinion provided by CIC on Demo can only be used by Demo and the Financial Institution. The distribution and publication are at the discretion of Demo, subject to CIC’s approval.
| Application no. | SFCS-APPLY-2022-023 |
|---|---|
| Certificate no. | SFCS-2022-023 |
| Date of application | 2022.03.03 |
| Company name | Demo |
| Business registration no. | 01345677 |
| Company profile | DemoDemo |
| Sustainable financing instrument | Other Sustainability-linked Facilities |
| Application level | Company Level |
Demo has established a sustainability strategy with the following elements:
Company’s Sustainability Governance
Demo has confirmed the key sustainability performance indicator(s) and target(s) for monitoring and managing its sustainability performance.
Target Setting
Targets are in line with the following internationally recognized frameworks across financial markets:
Frameworks
Demo will prepare Name of Report within one year from the date of issuance of each sustainable financing instrument and Reporting period thereafter until completion of project. The report will consist of a project description including highlights of green elements. In terms of impact reporting, Demo will report on relevant environmental and social metrics of the project.
| Metrics | |
| Base year | |
| Performance in the base year | |
| Target year | |
| Performance in the target year | |
| Methodologies |
| Company’s Sustainability governance | N/A |
|---|---|
| Target setting | N/A |
| Reporting | N/A |
Based on the above assessment, we recommend to approve the application (Application no.: SFCS-APPLY-2022-023, Certificate no.: SFCS-2022-023) of the CIC Sustainable Finance Certification Scheme with validity from 03-03-2022 to 02-03-2024 .