Fibra Danhos' Sustainability Linked Financing Framework

s pglobal.com/ ratings This product is not a credit rating | PUBLIC July 10, 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 Fibra Danhos ' Sustainab ility-Linked Financ ing Framework July 10 , 2023 Fibra Danhos (Danhos) is a real estate investment trust (REIT) focused on developing, acquiring, leasing, and operating commercial real estate assets in Mexico. As of June 2023, the company's portfolio consisted of 15 retail spaces, offices, and mixed -use projects, with a total gross leasable area (GLA) of 939,343 square meters (sqm) . Retail spaces represent 71% of total GLA and offices represent 29%. In our view, Fibra Danhos ’ sustainability -linked financing framework , published on July 2023 , is aligned with: ✔ Sustainability -Linked Bond Principles, ICMA, 20 23 ✔ Sustainability -Linked Loan Principles, LMA/LSTA/APLMA, 202 3 Issuer’s Sustainability Objectives Since 2018 , Danhos has been developing its sustainability strategy , focusing on material topics for both its operations and stakeholders . Among Danhos’ most material sustainability topics are energy use , greenhouse gas (GHG) emissions, and diversity and inclusion , for which the company has established short - and medium -te rm goals. Within its organization, Danhos has assigned the board of directors as the highest governing body to monitor and oversight the company's sustainability strategy. Furthermore, Danhos has an annual integrated report following international standard s such as Sustainability Accounting Standards Board ( SASB ), Global Reporting Initiative (GRI ), and Task Force on Climate -R elated Financial Disclosures ( TCFD). Danhos has developed a sustainability -linked financing framework to further align its funding str ategy with its corporate sustainability commitments. Selected Key Performance Indicators (KPIs) And Sustainability Performance Targets (SPTs) KPI SPT Baseline 202 2 performance Primary Analyst Azul Ornelas Mexico City azul.ornelas @spglobal.com S econdary Analyst Rafael Janequine Sao Paulo +55 11 3039 -9786 rafael.janequine @spglobal.com Deborah Siqueira Sao Paulo deborah.siqueira @spglobal.com