QuadReal Property Group (“QuadReal”) is proud to announce today its Green Bond Framework to finance sustainable investments and projects through BCI QuadReal Realty (“BQR”). BQR is the primary issuing entity of unsecured notes for British Columbia Investment Management Corporation’s (“BCI”) real estate program. BCI is a Canadian leader in investment fund management that provides services to British Columbia’s public sector.
“When QuadReal was launched, we established the principles of responsible investing and management,” said Dennis Lopez, QuadReal’s Chief Executive Officer. “QuadReal’s Green Bond Framework demonstrates our approach to how we select and execute our projects to achieve the goal of having a positive impact on the environment.”
QuadReal’s Green Bond Framework has been reviewed by Sustainalytics, a global leader in providing environmental, social and governance (ESG) research and analysis. Sustainalytics issued a second party opinion confirming that QuadReal’s Green Bond Framework is credible and impactful, and aligns with the International Capital Market Association Green Bond Principles 2018.
QuadReal is committed to providing ongoing reporting and transparency and will provide annual updates on its website until net proceeds of a green bond issuance are fully allocated to Eligible Green Projects. A copy of QuadReal’s Green Bond Framework and Sustainalytics’ second party opinion is available at www.quadreal.com/sustainability/green-bonds. For more information about QuadReal’s ongoing commitment to sustainability including its approach, progress, and actions and related documents, please visit: www.quadreal.com/sustainability.
Source: Newswire