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Second Party Opinion: Bacardi Ltd.'s Green Financing Framework

Bacardi Ltd. is a family-owned and privately held international spirits company. Bacardi's portfolio comprises more than 200 brands and labels, including Bacardi Rum, Grey Goose vodka, Patron tequila, Dewar's blended Scotch whisky, and others. The company operates production facilities in the U.S. (including Puerto Rico), Europe, India, Mexico, and Brazil and sells its brands in more than 160 markets. Bacardi was founded in Santiago de Cuba in 1862 and has been headquartered in Bermuda since 1965. In our view, Bacardi's green financing framework, published on May 31, 2023, is aligned with: Green Bond Principles.