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Second Party Opinion: A2A Group Sustainable Finance Framework

S&P Global Ratings assesses A2A Group's Sustainable Finance Framework as alighed with the Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); Green Loan Principles, LMA/LSTA/APLMA, 2023; Sustainability-Linked Bond Principles, ICMA, 2023, and the Sustainability-Linked Loan Principles, LMA/LSTA/APLMA, 2023. Italian multi-utility company A2A was formed from the merger of the former municipal companies of Milan (AEM and AMSA) and Brescia (ASM) on Jan. 1, 2008. The company is headquartered in Brescia, Italy, and employs about 13,500 people. It is active in power generation, the sale and distribution of electricity and gas; waste collection and treatment; the cogeneration and sale of heat, district heating networks, and heat management services; e-mobility; integrated water services; public lighting; and energy efficiency.

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