The Investa Commercial Property Fund (ICPF) has successfully obtained certification from the Climate Bonds Initiative (CBI) for all its debt facilities, which total $1.5 billion. This includes bank debt, Australian Dollar Medium Term Notes, and US Private Placement.
Brendan Looby, Fund Manager, ICPF said: “ICPF investors are committed to the Fund demonstrating ESG leadership and support sustainability initiatives. ICPF recognised the global shift to sustainable debt some years ago and has outperformed our goal to achieve 100% green debt by 2025.”
Margot Black, General Manager of ESG, stated, “The green debt’s alignment with CBI criteria, links ICPF’s debt with its buildings’ environmental performance and supports the Fund’s net zero pathway.”
The fund financing approach further contributes to the attraction of occupiers to ICPF’s portfolio of prime grade assets who have net zero commitments, and to meet investor expectations to drive a low carbon economy.
“We take our responsibility to help Australia transition to net zero seriously. By continuing to implement nature positive initiatives, we help drive positive change within the real estate industry,” Brendan Looby said.
