share_log

IREIT Global Launches Green Financing Framework to Drive Sustainability

Singapore Business Review ·  Dec 5, 2024 19:58

The framework will guide the company's green finance transactions (GFTs).

IREIT Global has established a green financing framework to advance its sustainability goals.

The framework, developed in line with the International Capital Markets Association Green Bond Principles, ASEAN Green Bond Standards, and Green Loan Principles, will guide the company's green finance transactions (GFTs). This includes issuing green bonds, loans, and other financial instruments to fund projects that deliver environmental and social benefits.

The framework has been independently reviewed by S&P Global Ratings, which confirmed its alignment with the Green Bond and Green Loan Principles, assigning it a "light green" rating. The full second-party opinion report is available on both S&P and IREIT's websites.

"As a responsible real estate owner and investor, IREIT will seek to fund projects and investments under the Framework, such as issuing green bonds off its $1b multicurrency debt issuance programme that was established in 2022," Peter Viens, CEO of the Manager, said.

"This will facilitate its efforts in making positive impacts towards the globally shared goal of keeping global warming under 2 ̊C," he added.

Moreover, IREIT also plans to achieve green certifications for its retail properties in France and aims for LEED Gold certification for the Berlin Campus, with a target of having 100% of its portfolio green certified.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment