Oceania Healthcare Limited logo

Oceania announces $500m sustainability-linked loan

Debt Issuance28 June 2022OCAHealthcare

OCEANIA HEALTHCARE

Level 11, 80 Queen Street, Auckland 1010

PO Box 9507, Newmarket, Auckland 1149, New Zealand

P +64 9 361 0350

www.oceaniahealthcare.co.nz





29 June 2022


OCEANIA ANNOUNCES $500m SUSTAINABILITY-LINKED LOAN


Oceania Healthcare Limited (“Oceania”) is pleased to report that it continues to innovate with the

implementation of a $500m five-year Sustainability-Linked Loan (“SLL”). This exciting development supports

our commitment to sustainable growth with over two-thirds of Oceania’s debt-funding now tied to ambitious

environmental and social sustainability goals and targets.


The SLL is linked to three Key Performance Indicators (“KPIs”) that cover environmental and social aspects

of Oceania’s sustainability ambition and business strategy. Oceania’s Sustainability Performance Targets

(“SPTs”) associated with the SLL are to:

1. Reduce greenhouse gas emissions in line with targets approved by the international Science Based

Targets initiative.

2. Increase the diversion of construction waste from landfill.

3. Improve resident experience and wellbeing.

Oceania will pay a lower interest rate on the loan for meeting these SPTs but will have to pay higher interest

if it does not meet these SPTs.


Oceania’s Chief Financial Officer, Kathryn Waugh, said “Linking our loan to our sustainability goals and

measures shows that Oceania is serious about sustainable growth. Today’s announcement represents a step

forward for Oceania in its sustainability journey.”


Oceania worked with ANZ Bank New Zealand Limited (“ANZ”), as sustainability coordinator, to develop the

SLL.


Dean Spicer, Head of Sustainable Finance, ANZ, said “The establishment of a meaningful measurement of

care residents’ wellbeing is an important development for the sector. Social impact is challenging to quantify,

and by including this holistic assessment of social, physical and psychological wellbeing, Oceania is further

encouraged to support improvements in resident experience.”


To enable this SLL, and to support any future sustainability-linked financing that Oceania undertakes, Oceania

has created a Sustainable Finance Framework (“Framework”). The Framework outlines Oceania’s approach

to sustainable finance instruments and sets out the process, criteria and guidelines under which it intends to

issue and manage SLLs. The Framework is aligned with, and complementary to, Oceania’s Sustainability

Framework and strategy, and is also aligned with the most recent sustainable finance market standards being

the Asia-Pacific Loan Market Association Sustainability-Linked Loan Principles (2022) (“Market Standards”).


Ernst & Young provided limited assurance over the Framework, the selected KPIs and sustainability

performance targets against internationally recognised Market Standards.


A copy of Oceania’s Sustainable Finance Framework and EY’s Limited Assurance Report can be found on

Oceania’s website under “Sustainability”: https://www.oceaniahealthcare.co.nz/investor-centre/sustainability.


The Lenders to the syndicated facility included ANZ, ASB and ICBC.


Contact Details:

Kathryn Waugh

Chief Financial Officer

09 361 0350


ENDS

---

Sustainable
Finance

Framework.

June 2022


Introduction 03

Oceania’s Sustainability Framework 07

Sustainable Finance Framework 08

Governance 09

General Corporate Purpose Instruments 10

Further Information 15

Contents.

As a leading provider of premium healthcare services across New Zealand,
Oceania Healthcare Limited (“Oceania”) is reimagining the retirement and aged

care living experience.

Oceania has c.4,000 residents living at our 45 retirement villages and care centres

around New Zealand. Our residents are looked after by our c.2,900 dedicated Oceania

team members. With New Zealand’s ageing population, the retirement village and aged

care sector is naturally expanding but the opportunity for sustainable growth, through

the provision of superior innovative services to our residents and the development of

individually curated spaces, is far greater.

Introduction.

3

Resident experience
We are leading in the delivery of a resident-centred

retirement and aged care living experience in New

Zealand through our “Model of Care” and excellent

service offerings.

Oceania is committed to ensuring that it provides

outstanding care and services to its residents.

Oceania continues to distinguish itself from other

retirement and aged care living operators with its

focus on the provision of care and services, rather

than the delivery of built form products. Oceania

provides resident-centred care and services that

enhance the quality of residents’ lives.

Oceania is focused on delivering a sustained

improvement in the resident experience, with an

improvement in clinical indicators, delivering an

evidence-based practice, and an expansion in its

clinical offerings to cover a full scope of services.

We have a reputation for delivering high quality care

and this is providing opportunities for Oceania to

partner with other organisations, to bring high quality

care to older New Zealanders in those regions that

need it most.

Offer

Oceania’s strategy is to achieve sustainable performance and

growth by delivering on our four strategic pillars:

We are curating great spaces through the design,

development, and provision of services to our residents

of the future and are doing so in a sustainable manner.

Oceania has a well-established and proven brownfield

development-led growth strategy, facilitated by

a strong development team and investment in an

operational platform built for scale. With the recent

strategy refresh to undertake greenfield developments

and acquisitions, as well as brownfield developments,

Oceania is well positioned to leverage its established

operational platform to pursue a wide range of

organic and inorganic growth opportunities.

Building design and construction has a significant

impact on the sustainability of our business in terms

of our future emissions, building efficiency, revenue,

profitability, safety, resident satisfaction, employee

engagement and waste generation.

4

People capability
We have a culture which enables our people to be

engaged, included and valued so they can perform

their life’s best work at Oceania.

Our people are at the very heart of what we do. It

is the passion of our people that allows Oceania to

continue to build on its success for future growth.


Oceania maintains a strong focus on learning and

development as part of our commitment to provide

a career development pathway for our people. Our

Wesley Institute of Nursing Education, set up in 2008,

provides a Competence Assessment Programme (CAP)

training to internationally-qualified nurses (IQNs) that

meets Nursing Council requirements and provides

a route for IQNs to practice in New Zealand.

1

We

have also established good relationships with some

governments overseas who are starting to refer their

IQNs to our CAP courses, through the Wesley Institute

of Nursing Education.

Growth

We deliver outstanding financial performance and

sustainable growth.

We continue to demonstrate a capability to grow

the business through premium living experiences,

value accretive mergers and acquisitions, an

accelerated build pipeline and new sector leading

resident experiences.

This growth is managed carefully under a

sustainability lens and with the pursuit of best

practice in Environmental, Social and Governance

(ESG) aspects.


1

The NZ Nursing Council has recently consulted on IQNs (see here) and has been considering whether the way they assess and register IQN applicants is as good as it can be.

Please note that the outcome of this consultation may influence or impact our Competence Assessment Programme.

5

Our business strategy is underpinned by our focus on technology, innovation, and our Sustainability
Framework (as illustrated below).

Our pupose

To reimagine the retirement and aged care living experience in New Zealand.

Our strategic pillars

Offer

To design, develop,

build and sell premium

properties for our

residents of the future

Resident Experience

To be the leader

in the delivery of

resident experience in

retirement villages and

aged care centres

People Capability

To build capability

and develop a culture,

which enables our

people to perform their

life’s best work

Growth

To deliver outstanding

financial performance

and sustainable

growth

Our value outcomes

Residents love living

in our communities

We delight our

residents with

hospitality inspired,

customer led services

We are passionate

about the wellbeing of

our staff, residents and

their families

We lead the way in

how we do things

Our drivers

Our people — Our expertise — Our villages — Our financial capital — Our natural capital

Our enablers

Technology – Innovation – our Sustainability Framework:

PeoplePlanetProsperity

Our goals

We delight our residents and

staff by caring for them and

making a difference to their

happiness every day.

Our Measure

Employee wellness engagement,

resident engagement, health

and safety.

Our goals

Through better use of our

resources we will substantially

reduce our environmental impact

enabling carbon neutrality in

the future.

Our measure

Waste to landfill, energy efficiency,

greenhouse gas emissions.

Our goals

Integrated thinking will be

embedded in our strategy,

decision making, long term

planning and reporting by 2022.

Our Measure

Financial returns and

shareholder value growth.

6

We are committed to sustainability and recognise
the importance of not only constantly improving

resident experience, but also having a positive impact

in our local communities, reducing our impact on the

environment, and improving employment practices,

employee wellbeing and product service design.

We have set our Sustainability Framework by

considering what is important to key stakeholders and

which risks and opportunities have the greatest impact

on our ability to create value in the short and long

term. This Sustainability Framework establishes goals

and identifies measures to report on our People, Planet

and Prosperity achievements as we build a better

future. Sustainability underpins our business goals and

everything we do at Oceania.

We implement our Sustainability Framework across

different initiatives.

We are always focusing on the future, on enhancing

our offering, innovating and delivering to the future

needs of our residents, their families, the communities

in which they live and our people. We lead in the

delivery of resident-centred retirement and aged

care living experiences in New Zealand through our

“Model of Care”. We partner to deliver resident specific

centres for high need and vulnerable populations,

including those in under-served geographical areas.

We support our people through fair pay, training and

career advancements and have a culture that enables

our people to be engaged, included and valued and

perform their life’s best work, while we build capabilities.

Reducing construction and operational waste to landfill

is a focus for Oceania, both during the development

and refurbishment process, and the ongoing operation

of our villages and care centres. We are aiming to

reduce waste to landfill from building construction

processes, including having clear understanding

and plans for diversion, because we also see the co-

benefits of doing so in terms of pollution prevention

and emissions reduction. We are also committed to the

diversion of organic, plastic, paper material and other

waste from landfill and we have been focusing on food

and incontinence waste.

At Oceania, we are committed to responsible energy

management and focus on reducing our carbon

footprint by designing and building new, low carbon,

and energy efficient buildings and to the New Zealand

Green Building Council’s 6 Homestar standards.

Educating and training our people on best standards,

monitoring and identifying opportunities for reducing

energy use and engaging with our suppliers, are all

important actions for Oceania as we work to achieve

our goals.

Sustainability Framework.

We curate intelligently designed spaces for the resident

of the future and do this in a sustainable manner,

integrating with the community around us. Building

design and construction impacts our emissions,

building efficiency, and waste generation. We

acknowledge that both the investment community and

the Government are increasingly focusing on existing

and future emissions of organisations like ours, and

that this is already indirectly impacting, for instance,

our sustainable design and construction processes. The

acquisition, construction, refurbishment, and operation

of existing and/or planned sustainable buildings

is being achieved through a number of initiatives

including:

1. Employing reputable designers, engineers and

consultants who design to best practice and have

a good track record of delivering high quality

profitable developments;

2. Updating design specifications to incorporate

improved building design practice;

3. Designing and building to above the building code

(currently to Homestar 6 rating for apartments,

and we also apply those principles to our villas

and care suites), with a view to going even further

in the future;

4. Building apartments, villas and care suites that

are energy efficient and healthier for our residents

and reducing our operational waste; and

5. Learning from our experience on existing

developments to inform the design and build of

future developments.

To further support our purpose our Wesley Institute of

Nursing Education provides CAP programmes for IQNs,

as well as a “Return to Nursing Programme” for New

Zealand nurses wanting to return to the workforce after

5 years or more of absence. Both programmes combine

nursing theory and clinical practice through a 5-week

placement in an approved Oceania nursing environment

in New Zealand. Our clinical nurse educators are industry

professionals with a variety of clinical experience. These

two aspects make our Wesley Institute, the only non-

technical college accredited by the Nursing Council of

New Zealand providing a CAP, special. The programmes

support the return to nursing work of previously

registered nurses who had left the workforce, as well

as nurses who qualified abroad, in particular, in India

and the Philippines, to reduce linguistic barriers. In the

last few years, we have been working at ensuring the

course is tailored to New Zealand’s needs. There can

be useful skills transferred between New Zealand and

the Philippines and India, and, importantly, there is no

hidden or additional costs to IQNs coming to

New Zealand through our Wesley Institute courses.

7

Sustainable Finance
Framework.

Oceania has prepared this Sustainable Finance

Framework (the Framework) to provide guidance on its

raising of sustainable finance instruments (Sustainable

Finance) via the issuance and management of general

corporate purposes or sustainability-linked instruments

in the form of Sustainability-Linked Loans (SLLs).

It is important to Oceania that our business strategy

and Sustainability Framework are aligned to each

other and supported by an enabling Sustainable

Finance strategy. Our Sustainable Finance strategy is

documented through this Framework. The Framework

sets out the process, criteria, and guidelines under which

we intend to issue and manage SLLs, which contribute

towards achieving our sustainability goals, and which

are consistent with the most recent international

industry best practice in terms of sustainable finance

principles and guidelines (Market Standards).

The Market Standards are a collection of voluntary

reference frameworks that are generally accepted,

as at the date of this Framework, as the globally

Sustainable Finance

Instrument

Use of ProceedsApplicable Market

Standard

Sustainability-Linked

Loans

General corporate purposes:

The proceeds are not required to

be allocated to eligible assets, but

the instrument margin is adjusted

based on performance against

pre-defined, ambitious yet

achievable, sustainability-related

targets of the borrower’s

material KPIs.

Sustainability-Linked Loan

Principles 2022 (SLLP)

2

recommended management processes for

borrowing or syndication in loan markets, to

finance progress towards environmental and social

sustainability. These Market Standards are those

published by the Loan Market Association (LMA),

Asia-Pacific Loan Market Association (APLMA) and

Loan Syndications and Trading Association (LSTA).

The Market Standards promote integrity of the

sustainable finance market by providing guidelines

towards transparency, disclosure, and reporting

processes in order to drive investors and financiers

to allocate capital and financing that support

ambitious corporate sustainability-related targets.

It is Oceania’s intention to follow these Market

Standards for its Sustainable Finance instruments.

Oceania may issue or manage Sustainable

Finance instruments under this Framework and in

accordance with the relevant applicable Market

Standards as shown in the table below:

2

APLMA Sustainability-Linked Loan Principles 2022 (SLLP)

8

Under the leadership of our CEO, Oceania’s executive
team is responsible for designing and implementing

Oceania’s Sustainability Framework and making sure it

is integrated within our overall business strategy. This

includes managing topics that are material to Oceania,

which can guide the selection of Key Performance

Indicators (KPIs) and relevant sustainability targets.

These KPIs and targets may then help calibrate any

Sustainability Performance Targets (SPTs) relevant to

sustainability-linked instruments in alignment with this

Framework. The executive team will keep the Board of

Directors (Board) updated, on a six-monthly basis, on

the implementation of the Sustainability Framework, to

support their oversight and governance of the strategy.

To manage the Sustainable Finance instruments

under this Framework, Oceania has established a

Sustainability Committee which includes the CEO,

CFO, Group General Manager Corporate Services,

Head of Sustainability and Corporate Responsibility

and other members of the executive team, as

necessary. The Sustainability Committee is responsible

for reviewing and providing recommendations to the

Board prior to issuance of any Sustainable Finance

instruments in alignment with this Framework. It is also

responsible for making sure Oceania complies with this

Framework and the Market Standards.

The Committee will monitor the evolution of the green,

social, and sustainability finance markets, so that this

Framework can be kept up to date with the latest good

international market practices.

The Chair of the Sustainability Committee is Oceania’s

CFO, and its Secretary is the Head of Sustainability and

Corporate Responsibility. The Sustainability Committee

may invite other Oceania colleagues to the Committee

from time to time and will meet at least quarterly.

The Sustainability Committee will update the Board

on a six-monthly basis on the activities for which the

Sustainability Committee is responsible to ensure the

Board has visibility and oversight of the Sustainability

Committee’s activities.

This Sustainability Framework, as updated from time to

time, will be published on Oceania’s website.

Ernst & Young Limited has evaluated the Framework, its

transparency and governance, as well as its alignment

with the Market Standards. In case of any material

changes to this Framework, Oceania will seek an

updated external review report. The limited assurance

report will be published on Oceania’s website.

Governance.

9

This section describes how Oceania will issue and
manage its general corporate purpose instruments,

or sustainability-linked instruments, on an ongoing

basis. SLLs are defined in this Framework as

Sustainable Finance instruments used for general

corporate purposes that do not require proceeds

to be utilised for eligible assets and projects.

Instead, they will integrate governance criteria

and refer to Oceania’s overall sustainability

credentials. Sustainability-linked instruments link

Oceania’s cost of funding to achieving ambitious

and measurable pre-determined SPTs, that are

selected relative to KPIs central to Oceania’s

sustainability and business strategy.

General Corporate

Purpose Instruments.

Oceania’s sustainability-linked instruments will

be managed in accordance with the most recent

publications of the SLLPs (2022) at the date of

publication of this Framework.

10

Selection of
Key Performance Indicators

The below table gathers the KPIs that are deemed

material to Oceania’s overall sustainability and

business strategy, address relevant environmental,

social and/or governance challenges of Oceania’s

sector, and are under management’s control at the

date of publication of this Framework. The KPIs also

enable assessment and benchmarking of Oceania’s

environmental and social impact, and/or the impact

of environmental and social factors on Oceania’s

financial position.

The KPIs selected are:

• Relevant, core and material to our overall business,

and of high strategic importance to our current

and/or future operations;


• Measurable or quantifiable on a consistent

methodological basis;


• Externally verifiable; and


• Able to be benchmarked, as much as possible,

using an external reference or definitions to

facilitate the assessment of the corresponding SPTs’

level of ambition.

• Identify and select sustainability-related KPIs

among the selected KPIs below, aligned to

Oceania’s strategy (defining the relevant metrics

and units, scope or perimeter and calculation

methodology during such process), as well

as an appropriate baseline for each KPI and

benchmarking against an industry standard,

where feasible;


• Calibrate the SPTs with reference to the most

relevant methodology recommended by the

SLLPs, as to how they will be measured annually,

as well as to the respective action plans to

achieve those SPTs;


• Agree timelines for measuring progress of each

relevant KPI against its corresponding SPTs,

and report and disclose progress to lenders

accordingly;


• Agree commercial terms and potential incentives

once the SPTs are achieved; and


• Review and verify the arrangements of

each structure.

For each new sustainability-linked

transaction, Oceania will:

The sections below provide a high-level overview

of the information to be detailed under each

sustainability-linked transaction.

11

Oceania’s Strategy
Alignment

Material IssueSustainability Goal

Planet

Planet

Minimising the energy our operations use and

the carbon emissions associated with Oceania’s

operations. This could be measured by, but not

limited to, the following metrics:

• Absolute scope 1, 2 and 3 CO2-e emissions;

• Emissions intensity on a square metre, or per

resident, basis;

• Electricity generation from renewable sources

(in kWh).

SDG Alignment

Greenhouse

gas emissions

Waste management Reducing the level of waste to landfill for both

construction and operational activities. This

could be measured by, but not limited to, the

following metrics:

• Volume of waste (kg/ m

2

(gross floor area));

• Diversion from landfill (% diverted);

• Volume of food waste composted

(kg or tonnes).

Planet

Reducing water use or water use intensity. This

could be measured by, but not limited to, the

following metrics:

• Volume of water use (in m

3

, per resident);

• Volume of wastewater generated (in m

3

, per

resident).

Water management

Planet

Energy managementIncreasing energy efficiency or reduce energy

use. This could be measured by, but not limited

to, the following metric(s).

• Electricity consumption (in kWh, on a

per resident basis, on a per m

2

basis).

People

Resident experienceImproving resident experience and quality of

care. This could be measured by, but not limited

to, the following metrics:

• Clinical and wellbeing assessment data for

care residents;

• Net Promoter Score (NPS) or resident

satisfaction surveys.

People

Employee

engagement,

diversity, and

inclusion

Supporting a diverse and inclusive workforce.

This could be measured by, but not limited to,

the following metrics:

• Representation of minority workforce across

different levels (in %);

• Gender diversity across different levels (in %).

12

Calibration of Sustainability
Performance Targets

Having selected suitable KPIs, Oceania will

then pre-identify ambitious SPTs. The SPTs will

be consistent with our business strategy and

Sustainability Framework and determined by

one or more of the following approaches:

• Oceania’s own performance over time - a minimum

of 3 years, where feasible, of historical data on

the selected KPI(s) to assess the possible material

improvement in the respective KPI beyond a

“business as usual” trajectory; and/or


• Oceania’s peers - the SPTs’ relative positioning

versus targets set by, and performance of,

Oceania’s peers, where that data is available and

comparable, or the SPTs’ relative positioning versus

current industry or sector standards; and/or


• Reference to the science - systematic reference

to science-based scenarios, or absolute levels

(e.g. carbon budgets), or to official regional/

country/international targets (e.g. Paris

Agreement on climate change, the Glasgow

Climate Pact, net zero goals, and UN Sustainable

Development Goals) or to recognised best-

available technologies, or other proxies to

determine relevant targets across ESG themes.



The agreed SPT(s) will be calibrated so as

to be ambitious yet achievable, as expected

under the SLLPs. It is Oceania’s intention that,

for each sustainability-linked instrument, the

relevant SPTs be presented to relevant lenders,

along with:

• The SPTs’ relevant timelines for the target

achievement;


• Corresponding KPI baseline(s) and rationale for

those;


• Where relevant, in what situations recalculations or

pro-forma adjustments of baselines will take place;


• Where possible and taking competition and

confidentiality considerations into account, how

Oceania intends to reach such SPTs; and


• Any other pre-identified factors that may impact the

achievement of the SPTs in the context of Oceania’s

business strategy and Sustainability Framework and

that are beyond Oceania’s direct control.

Appropriate KPIs and SPTs will be determined and set

between Oceania and its relevant lender group for

each transaction.

Loan Characteristics

Oceania’s sustainability-linked instruments will

feature financial characteristics that encourage the

implementation of, and ongoing commitment to,

sustainability initiatives that are identified as being

required in order to achieve the relevant SPTs. These

characteristics may include both penalties and incentives

for Oceania in the case of a SLL, as recommended at the

date of publication of this Framework and acknowledging

that Market Standards and market practices may

continue to evolve.

At the inception of each sustainability-linked instrument,

Oceania will disclose to the relevant lenders the specific

SPTs, magnitude of the margin adjustment, trigger

review events, any fallback mechanisms in case the SPTs

cannot be measured, as well as the effective date(s),

timeline and nature of reporting will be detailed in the

relevant documentation for each transaction.

Post issuance, sustainability performance outcomes

against the set SPTs and associated external review

reports will be made available to the lenders.

Reporting and Disclosure

Reporting to lenders, for each corresponding

sustainability-linked instrument, will be provided at

least on an annual basis and, in any case, for any date

or period relevant for assessing the SPT performance

leading to a potential adjustment of the relevant

Sustainable Finance’s financial characteristics.

• Up-to-date information on the performance

of the selected KPIs, including reference to the

baseline where relevant;


• Limited assurance report outlining the

performance against the SPTs and related

impact, and timing of such impact, on each

relevant sustainability-linked instrument;


• Up-to-date information on the performance

of the selected KPIs, including reference to the

baseline where relevant;

Such reporting will include:

13

• Qualitative or quantitative analysis of the main
factors behind the performance/KPI (including

merger & acquisition activities);


• The positive sustainability impacts of the

performance improvement;


• Any re-assessments of KPIs and/or restatement

of the SPTs and/or pro-forma adjustments of

baselines or KPI scope, if relevant.

Information may also include (when feasible

and possible):

Oceania acknowledges the importance of transparency

and will endeavour to disclose summary information

relating to the issuance of sustainability-linked

instruments, as relevant and subject to confidentiality,

on Oceania’s website. Oceania will further continue

to report publicly on its general sustainability

performance in alignment with its business strategy

and Sustainability Framework through its Annual Report

and/or any other relevant reports, as appropriate.

Review and Verification

Oceania will seek external review on the

following, and make reports available to the

relevant lenders:

• Pre-issuance (limited assurance or a second party

opinion):

- The Framework;

- The materiality of Oceania’s selected

KPIs and verification of baseline data;

- The ambition of SPTs;

- Alignment with the Market Standards.

• Post-issuance (annual limited assurance or

independent verification) that includes the following

information:

- Oceania’s performance against the SPTs;

- Any material changes to the KPI methodology

or SPT calibration.

Oceania may disclose external review reports publicly

where deemed appropriate.

As the Market Standards and the global sustainable

finance markets continue to evolve, so too will Oceania’s

approach as it continues to adapt to the changing

environment. Oceania may update this Framework over

time, to remain in line with market best practice. For the

ongoing enhancement of Oceania’s Sustainable Finance

instruments, we welcome feedback and input from

stakeholders as this will support Oceania to deliver on its

sustainability objectives and meet the needs of lenders,

investors, and other stakeholders.

Amending this Framework

14

For the avoidance of doubt, if Oceania fails to
comply with the Framework or satisfy the Market

Standards, then this does not (1) constitute an event

of default or any other breach in relation to the

Sustainable Finance instrument(s), and (2) neither

lenders, investors, nor Oceania have any right for

the Sustainable Finance instrument(s) to be repaid

early. This means there is no legal obligation on

Oceania to comply with the Framework or Market

Standards on an ongoing basis.

However, in the event Oceania fails to comply with

the Framework or satisfy the Market Standards,

then the Sustainable Finance instrument(s)

may cease to be labelled as ‘green’, ‘social’ or

‘sustainable’ (as applicable).

Important Notice

15

Contacts and Information
More information on Oceania’s approach to sustainability can be found:

investor@oceaniahealthcare.co.nz

0800 333 688

oceaniahealthcare.co.nz

Registered office: Level 11, 80 Queen Street, Auckland 1010

Oceania Contacts:

On our website:

https://www.oceaniahealthcare.co.nz/investor-centre/sustainability

In our annual report – Annual Report 2022:

https://images.oceaniahealthcare.co.nz/wp-content/

uploads/2022/06/02114537/2022-Annual-Report-Final.pdf

Kathryn Waugh – Chief Financial Officer

Stephanie Spicer – Head of Sustainability and Corporate Responsibility

16

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.