Banco de Crédito del Perú's 2023 Sustainability Financing Framework

s pglobal.com/ ratings This product is not a credit rating July 14, 2023 1 This S&P Global Ratings Second Party Opinion (SPO) represents our opinion on whether the documentation of a sustainable finance framework or program and whether the documentation of a sustainable f inance transaction aligns with certain third -party published sustainable finance principles, guidelines, and standards (“Principles”). For more details please refer to the Analytical Approach and Analytical Supplement, available at spglobal.com under Sustainable Financing Opinions . An SPO provides a point -in-time opinion, reflecting the information provided to us at the time the SPO was created and published, and is not surveilled. We assume no obligation to update or supplement the SPO to reflect any facts or circumstances that may come to our attention in the future. An SPO is not a cre dit rating, and does not consider credit quality or factor into our credit ratings. Second Party Opinion Banco de Crédito del Perú's 2023 Sustainability Financing Framework July 14 , 2023 Banco de Crédito del Perú (BCP) has been operating for over 100 years a nd is the largest and financial service provider in Peru, with a market share of about 3 3.4 % of domestic loans and 36.1% o f deposits. BCP provides a full range of retail and wholesale banking services for large corporates, small and midsize enterprises (SM Es), and individuals, and offers treasury activities. As part of its business plan, it aims to improve financial inclusion within Peru's large informal economy by offering microfinancing, mainly through its subsidiary MiBanco. BCP is majority owned by Cred icorp Ltd., a financial conglomerate listed on the New York Stock Exchange. In our view, BCP ’s Sustainability Financing Framework 2023 , published in July 2023, is aligned with: ✔ Social Bond Principles, ICMA, 2021 (with June 2022 Appendix 1) ✔ Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1) ✔ Sustainability Bond Guidelines ICMA, 2021 Issuer’s Sustainability Objectives BCP's overall business goal is to strengthen its long- term financial performance, competitiveness, and connection to society. To do so, the company has developed its 2020 -2025 sustainability strategy composed of three pillars , which are to contribute to a more sustainable and inclusive economy, improve the financial health of citizens, and empower people to thrive. Through its sustainability program, BCP looks to b oost financial inclusion , financial education, empowerment, and resilience for SMEs, as well as reduce its clients' environmental impact. Moreover, BCP has been developing customized products to help corporate clients in their transition to become more env ironmentally sustainable businesses. Primary Analyst Annia Mayerstein Mexico City + 52 55-1037 -5282 annia.mayerstein @spglobal.com S econdary Analyst Rafael Janequine S ão Paulo + 55- 11- 3039 -9786 rafael.janequine @spglobal.com Jennifer Craft Denver + 1-303- 721 -4106 jennifer.craft @spglobal.com R esearch Contributor Sachin Powani Mumbai