oekom research AG has issued the following second-party opinions.
Green bond reports
TenneT informs its stakeholders about the progress of the financed projects via annual Green Bond reports.
Moody's Green Bond Assessment
Moody's Investors Service has performed a "Green Bond Assessment" on bonds issued pursuant to TenneT Holding B.V. Euro Medium Term Note Programme and existing Green Bond Framework. Moody's has assigned a GB1 ("Excellent") rating which is the highest rating on its five-point scale.
S&P ESG evaluation
Standard & Poor's conducted an Environmental, Social & Governance (ESG) evaluation of TenneT; an assessment of its ability to operate successfully, now and in the future. Standard & Poor's awarded TenneT the classification 'strong', with a score of 83 out of 100.