Frasers Property UK has signed the Better Buildings Partnership’s (BBP) Climate Change Commitment. The BBP’s Climate Change Commitment unites signatories in targeting carbon net zero by 2050 and commits all signatories to publish their net-zero pathways by the end of this year.
ESG & Responsible Investing
Crédit Agricole CIB (CACIB) and ING have acted as original lender, mandated lead arranger and, for the first time in the Italian Real Estate sector, as green structuring adviser in a five-year mortgage financing of EUR85 million.
Bridge Investment Group (Bridge) has named Matthew Jensen as Managing Director of ESG and Sustainability. He will oversee the development, implementation and refinement of Firm-wide environmental, social and governance initiatives and practices, driving sustainable investments and operations.
Property investors should de-risk their office strategies to core locations and ESG-compliant assets in order to position themselves for an economic recession, according to UBS-AM Real Estate & Private Markets.
Helen Drury has been appointed as Sustainability Lead at Tritax Group, which acts as the Fund Manager to Tritax Big Box REIT (ticker: BBOX) and Tritax EuroBox plc (EBOX (Sterling); BOXE (Euro)).
Citycon Oyj (Citycon) is considering issuance of euro-denominated green capital securities (Capital Securities) up to EUR400 million in vaue. The Capital Securities will be offered mainly to European, including Nordic, institutional investors through a book building process.
Pan-European real estate investment manager Redevco has committed to making its entire portfolio net zero carbon by 2040 as part of its ongoing efforts to act responsibly and reduce its impact on the environment.
Legal & General invests GBP125m in City of London Corporation via green and sustainable financing framework
LGIM Real Assets (Legal & General) has provided GBP125 million in long-term financing to the City of London Corporation, the governing body of the Square Mile London, which is home to much of the UK’s financial services sector.
Asset manager SEDCO Capital has outperformed its peers in six out of seven measures of responsible investing and integration of environmental, social and governance (ESG) factors, according to the UN-supported Principles for Responsible Investment (PRI).
Aviva Investors has appointed Ed Dixon to the newly created role of Head of Environmental, Social and Governance (ESG), Real Assets.