Sector Eligibility Mapping

Sector Eligibility Mapping establishes and governs the methodology through which projects, assets, activities, and expenditures are classified, assessed, determined, and approved for eligibility within the Infrastructure Investment Sectors of the WLT Global Green Bond Programme.

Classification determines the applicable methodology
Criteria govern eligibility assessment
Evidence supports determinations
Governance controls eligibility approval

POSITION

Sector Eligibility Mapping defines the programme-level methodology governing sector classification, eligibility assessment, and approval across the WLT Global Green Bond Programme.

It establishes:

• sector and sub-sector classification;
• identification and application of governing eligibility criteria;
• assessment of technical thresholds and performance conditions;
• integration of risk, exclusion, and safeguard requirements;
• evidentiary support for eligibility determinations; and
• governance review and approval.

The Mapping applies a consistent and repeatable methodology across the Programme under the requirements governing each Programme Series, sector, activity type, and assessment context.

CORE PRINCIPLE

Classification determines the applicable eligibility perimeter and methodology.

Eligibility assessment determines compliance with the governing criteria, thresholds, risk requirements, and evidentiary standards.

Governance approval establishes eligibility within the relevant Programme Series.

MAPPING STRUCTURE

Eligibility is determined through a controlled and sequential mapping process.

1. SECTOR CLASSIFICATION

The project, asset, activity, or expenditure is classified within the applicable Infrastructure Investment Sector.

Sector classification establishes the eligibility perimeter and determines the sector methodology governing subsequent assessment.

2. SUB-SECTOR IDENTIFICATION

The relevant sub-sector, technology, activity type, financing category, or classification category is identified.

Sub-sector identification determines the detailed technical and eligibility requirements governing the assessment.

3. ELIGIBILITY CRITERIA APPLICATION

The sector-specific eligibility criteria, technical requirements, exclusions, safeguards, and other governing conditions are identified and applied.

4. THRESHOLD ASSESSMENT

The governing quantitative and qualitative thresholds, performance requirements, boundary conditions, and technical conditions are assessed.

5. RISK & EXCLUSION ASSESSMENT

Environmental and social risks, exclusion criteria, integrity and conduct requirements, safeguards, mitigation requirements, and escalation conditions are assessed under the governing Programme standards and procedures.

6. EVIDENCE & DOCUMENTATION

Material classification, eligibility, threshold, and risk determinations are supported by documented evidence maintained within the controlled documentation environment.

The evidentiary record establishes the basis for review, determination, and governance approval.

7. GOVERNANCE REVIEW & APPROVAL

The completed eligibility determination and supporting record undergo formal governance review and approval.

Governance review determines whether the governing classification, eligibility, technical, risk, evidentiary, and documentation requirements have been satisfied.

Governance approval establishes eligibility within the relevant Programme Series.

Projects, assets, activities, and expenditures progress through the Mapping only when the requirements governing each stage have been satisfied.

Escalated matters must be documented, resolved, and formally approved before eligibility is granted.

TECHNICAL CRITERIA & THRESHOLDS

Sector eligibility is determined against the complete set of technical criteria and thresholds governing the relevant Programme Series, sector, sub-sector, technology, and activity.

The governing criteria include:

• technology- and activity-specific requirements;
• quantitative and qualitative performance thresholds;
• emissions, efficiency, resilience, and other sustainability-performance requirements;
• boundary and scope conditions;
• exclusion criteria;
• environmental and social safeguards;
• monitoring requirements; and
• evidence requirements.

Applicable criteria are mapped to the sustainable-finance standards, taxonomies, and sector methodologies designated for the relevant Programme Series and assessment context.

Eligibility requires satisfaction of the complete set of governing requirements. No individual threshold, classification, or environmental characteristic establishes eligibility in isolation.

STANDARDS & TAXONOMY MAPPING

Sector Eligibility Mapping incorporates the sustainable-finance frameworks, taxonomies, standards, and classification systems governing the applicable Programme Series.

These include:

• ICMA Green Bond Principles;
• Climate Bonds Standard and applicable sector criteria;
• EU Taxonomy requirements designated for the relevant Programme Series or assessment;
• recognised sector-specific sustainability methodologies; and
• other standards governing the relevant assessment context.

Standards and taxonomy mapping establishes methodological consistency, transparency, comparability, and external-review readiness.

Alignment is determined against the requirements of the relevant framework, taxonomy, standard, or methodology.

RISK & EXCLUSION INTEGRATION

Risk and exclusion assessment forms an integral part of every eligibility determination.

Projects, assets, activities, and expenditures are assessed against:

• environmental and social risk requirements;
• exclusion criteria and restrictions;
• climate-risk considerations;
• integrity and conduct requirements;
• applicable safeguards;
• mitigation requirements; and
• escalation conditions.

Application of an exclusion criterion results in denial of eligibility approval.

An unresolved material risk prevents eligibility approval. Where the Programme permits mitigation or escalation, eligibility review resumes after completion of the required treatment and satisfaction of all resulting requirements.

EVIDENCE REQUIREMENTS

Eligibility determinations are supported by documented evidence proportionate to the governing criteria, risk profile, and materiality of the determination.

The evidentiary architecture establishes:

• traceability from governing criteria and requirements to supporting evidence;
• reviewability of eligibility and risk determinations;
• documentation integrity;
• reconstruction of material determinations from the evidence and decision record;
• linkage between evidence, assessment, determination, and approval; and
• controlled record maintenance.

Material eligibility determinations remain traceable from governing requirements to supporting evidence, from evidence to determination, and from determination to governance approval.

Evidence establishes the documented basis for eligibility assessment and approval.

GOVERNANCE APPROVAL

WLT governance reviews, determines, and approves eligibility through defined decision authority and documented approval pathways.

Governance review determines whether:

• sector and sub-sector classification is correct;
• the governing eligibility criteria have been correctly applied;
• technical thresholds and performance requirements have been satisfied;
• risk and exclusion determinations are complete;
• evidentiary sufficiency has been established;
• escalated matters have been resolved; and
• the eligibility record is complete and internally consistent.

Completion of the governing approval process establishes eligibility within the relevant Programme Series.

Material changes affecting an approved eligibility determination trigger reassessment, documentation, and renewed governance approval.

EXTERNAL-REVIEW READINESS

Sector Eligibility Mapping maintains programme-level readiness for independent verification, certification, and other external review.

The Mapping provides external reviewers with the documented classification methodology, eligibility criteria, technical thresholds, material determinations, and supporting evidence governing each assessment.

Independent providers determine external-review findings and status under the scope and methodology governing each engagement. Current status is maintained through the Certification Status Register.

→ Certification Status Register

FRAMEWORK RELATIONSHIP

Sector Eligibility Mapping operationalises the sector-classification and eligibility architecture established through:

→ Infrastructure Investment Sectors
→ Sustainable Finance Framework
→ Institutional Flow
→ Governance & Oversight

The governing requirements are defined through the WLT Green Finance Framework, Series-specific Eligibility Methodologies, Eligibility Addenda, and supporting Series documentation maintained within the controlled documentation environment.

ELIGIBILITY OUTCOME

Projects, assets, activities, and expenditures that satisfy the governing sector-classification, eligibility, technical, risk, evidentiary, and governance requirements receive eligibility approval within the relevant Programme Series.

Eligibility approval authorises progression to structural admission within the WLT Capital System.

Projects, assets, activities, and expenditures that fail to satisfy the governing requirements are denied eligibility approval and do not progress.

INSTITUTIONAL ACCESS

The governing authority controls access to eligibility methodologies, sector criteria, technical thresholds, classification records, evidence requirements, governance determinations, and related Mapping documentation through defined review scopes and access controls.

Authorised institutional and professional parties submit access requests through the Institutional Access Room.

→ Institutional Access Room

INSTITUTIONAL NOTICE

For institutional reference and framework-navigation purposes only.

Nothing on this page constitutes investment advice, an offer or solicitation, financial intermediation, a financing commitment, securities issuance, transaction execution, independent verification, certification, regulatory approval, external opinion, or a capital-allocation decision.

Sector Eligibility Mapping establishes and governs the classification, assessment, and eligibility-approval methodology applied within the WLT Global Green Bond Programme.