Invested through	Triodos Global Equities Impact Fund Triodos Impact Mixed Fund - Defensive Triodos Impact Mixed Fund - Neutral Triodos Impact Mixed Fund - Offensive Triodos Euro Bond Impact Fund Triodos Multi Impact Fund Triodos Impact Strategy Fund - Defensive Triodos Impact Strategy Fund - Balanced Triodos Impact Strategy Fund - Offensive Triodos Impact Strategy Fund - Dynamic
Asset Classes	Listed equity & Impact bonds
Impact strategy	Impact Equities and Bonds
Bloomberg ticker	ANE SM
ISIN code	ES0105563003, XS2388941077
Industry group	Utilities
Aligned with SDGs

Acciona Energias Renovables (AER) is a Spanish renewable energy utility. The company owns and develops renewable energy projects including onshore wind, solar PV, hydraulic, thermal, biomass, and storage assets. The company’s activities range from developing, engineering and construction to operation, maintenance and energy management.

Investment rationale

As a pure play renewable energy provider active throughout the world, with a diverse portfolio of renewable energy projects mainly consisting of solar, wind and hydro energy, AER directly contributes to the necessary energy transition. The green bond finances new wind and solar projects in Spain, USA, South America and Australia.

In total, 100% of the proceeds of the impact bond is aligned with the Energy transition. The contribution to the Energy transition comes from 100% of proceeds allocated to the impact objective Renewable Energy.

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The purpose of this tool is to inform investors about the type of investments and their potential sustainability impact. The information in the tool is of a general nature and does not constitute an opinion of Triodos Investment Management of the financial instrument. Therefore, the tool is not intended and should not be construed as an offer, invitation or general solicitation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or investment recommendation.

Impact Equities and Bonds

All investments of the Triodos Impact Equities and Bond funds contribute to one or more of the five Triodos transitions and to the UN SDGs. Refer to the Sustainability Annex in the prospectus for more information.

All investments carry risk and all investment decisions of an individual remain the responsibility of the individual. Past or estimated results are no guarantee or indication of future results. Triodos Investment Management does not accept any liability for any losses.

The information in the tool is updated on a regular basis. However, the tool is not updated on a daily basis. Therefore, the information in the tool can be outdated. Triodos Investment Management can not be hold liable for information that is outdated.