Granite REIT Announces Its Green Bond Framework
May 28 2020 - 3:02PM
Business Wire
Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN /
NYSE: GRP.U) today announced its Green Bond Framework.
“Sustainability has been an important part of our strategy, as
our investment activity has been defined by growing our portfolio
with sustainable properties and developments”, said Kevan Gorrie,
Granite’s President & Chief Executive Officer. “Our Green Bond
Framework enables Granite to raise capital in support of its
sustainable investments and other energy conservation
initiatives”.
Granite’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 Granite’s Green Bond Framework
aligns with the International Capital Markets Association Green
Bond Principles 2018. Scotiabank acted as Green Structuring Advisor
for the Green Bond Framework.
To enable investors and other stakeholders to follow the
development of Granite’s green bond program and to gain insight
into how the net proceeds of any green bond issuance will be used,
Granite will provide annual updates on its website and in its
Annual Report until the net proceeds of a green bond issuance are
fully allocated to Eligible Green Projects, as defined in the Green
Bond Framework.
Copies of Granite’s Green Bond Framework and Sustainalytics’
second party opinion are available on Granite’s website at:
https://granitereit.com/sustainability; and Sustainalytics’ second
party opinion is also available on Sustainalytics’ website at:
https://www.sustainalytics.com/sustainable-finance/our-work/.
For further information on Granite’s sustainability plan, please
visit Granite’s website at
https://granitereit.com/sustainability.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of industrial, warehouse and
logistics properties in North America and Europe. Granite owns over
90 investment properties representing approximately 40.3 million
square feet of leasable area.
OTHER INFORMATION
Copies of financial data and other publicly filed documents
about Granite are available through the internet on the Canadian
Securities Administrators’ Systems for Electronic Document Analysis
and Retrieval (SEDAR) which can be accessed at www.sedar.com and on
the United States Securities and Exchange Commission’s Electronic
Data Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at www.sec.gov. For further information, please see our
website at www.granitereit.com or contact Teresa Neto, Chief
Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager,
Legal & Investor Services, at 647-925-7504.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States,
and securities may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the United States Securities Act of
1933, as amended.
FORWARD LOOKING STATEMENTS
This press release may contain statements that, to the extent
they are not recitations of historical fact, constitute
“forward-looking statements” or “forward-looking information”
within the meaning of applicable securities legislation, including
the United States Securities Act of 1933, as amended, the United
States Securities Exchange Act of 1934, as amended, and applicable
Canadian securities legislation. Forward-looking statements and
forward-looking information may include, among others, statements
regarding Granite’s intention and ability to complete an offering
of green bonds, Granite’s expected investment in sustainable
properties and developments and other energy conservation
initiatives, the sufficiency of any offering to fund such
investment, and Granite’s plans, goals, strategies, intentions,
beliefs, estimates, costs, objectives, economic performance,
expectations, or foresight or the assumptions underlying any of the
foregoing. Words such as “may”, “would”, “could”, “will”, “likely”,
“expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”,
“project”, “estimate”, “seek”, “objective” and similar expressions
are used to identify forward-looking statements and forward-looking
information. Forward-looking statements and forward-looking
information should not be read as guarantees of any offering of
green bonds by Granite, Granite’s expected investment in
sustainable properties and developments and other energy
conservation initiatives, the sufficiency of any offering to fund
such investment, or other events, performance or results and will
not necessarily be accurate indications of whether or the times at
or by which such events, performance or results will be achieved.
Undue reliance should not be placed on such statements.
Forward-looking statements and forward-looking information are
based on information available at the time and/or management’s good
faith assumptions and analyses made in light of its perception of
historical trends, current conditions and expected future
developments, as well as other factors management believes are
appropriate in the circumstances, and are subject to known and
unknown risks, uncertainties and other unpredictable factors, many
of which are beyond Granite’s control, that could cause actual
events or results to differ materially from such forward-looking
statements and forward-looking information. Important factors that
could cause such differences include, but are not limited to, the
risks set forth in the annual information form of Granite Real
Estate Investment Trust and Granite REIT Inc. dated March 4, 2020
(the "Annual Information Form") and management's discussion and
analysis of results of operations and financial position for the
three months ended March 31, 2020 (”Q1 MD&A”). The "Risk
Factors" section of the Annual Information Form and the Q1 MD&A
also contain information about the material factors or assumptions
underlying such forward-looking statements and forward-looking
information. Forward-looking statements and forward-looking
information speak only as of the date the statements and
information were made and unless otherwise required by applicable
securities laws, Granite expressly disclaims any intention and
undertakes no obligation to update or revise any forward-looking
statements or forward-looking information contained in this press
release to reflect subsequent information, events or circumstances
or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200528005800/en/
Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea
Sanelli, Manager, Legal & Investor Services, at
647-925-7504
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