Second Party Opinion s pglobal.com/ ratings This product is not a credit rating J u ly 3 , 2 023 2 Second Party Opinion Summary Use of proceeds Alignment ✔ Doosan Enerbility ’s Green Finance Framework is aligned with this component of the GBP and GLP. Score Doosan Enerbility commits to allocating an amount equal to the net proceeds from green financing raised under the framework exclusively to eligible projects that contribute to specific environmental objectives , such as climate change mitigation and pollution prevention and control. Process for project evaluation and selection Alignment ✔ Doosan Enerbility ’s Green Finance Framework is aligned with this component of the GBP and GLP. Score Doosan Enerbility has a green financing working group (GFWG) to oversee the selection of projects and ensure they compl y with the framework's eligibility criteria. The identif ication and manage ment of the environmental and social risks associated with financed projects will rely on its internal policies and procedures on environmental, social, and governance (ESG) . Management of proceeds Alignment ✔ Doosan Enerbility ’s Green Finance Framework is aligned with this component of the GBP and GLP. The company will track and manage the allocation of the net proceeds of the green financing instruments using a dedicated ledger . Unallocated proceeds will be held in cash or cash equivalents, money market instruments or other equivalent short -term and liquid instruments, in accordance with Doosan Enerbility's treasury and liquidity management policy. Reporting Alignment ✔ Doosan Enerbility ’s Green Finance Framework is aligned with this component of the GBP and GLP. Score Doosan Enerbility commits to report ing publicly and annually on both the allocation of proceeds and the expected environmental benefits of the financed projects, until full allocation of proceeds. Aligned Not aligned St r ong Ad v anced Aligned No t aligned St rong Ad vanced Aligned N ot aligned St rong Ad vanced