Great Portland Estates PLC GPE publishes its Sustainable Finance Framework (0320G)
July 22 2021 - 1:00AM
UK Regulatory
TIDMGPOR
RNS Number : 0320G
Great Portland Estates PLC
22 July 2021
22 July 2021
GPE publishes its Sustainable Finance Framework
Great Portland Estates plc (GPE or the Group) announces that it
has published a Sustainable Finance Framework (the Framework) in
respect of potential future debt issuance. The publication of the
Framework follows the Group's innovative GBP450 million ESG-linked
revolving credit facility (the first of its kind issued by a UK
REIT) in January 2020.
The Framework provides a context for GPE to potentially issue
debt instruments to finance or refinance projects that have a
positive environmental and/or social impact, while supporting the
Group's sustainability strategy and wider business strategy. The
Framework is aligned to internationally recognised principles
issued by the International Capital Markets Association (ICMA) and
the Loan Markets Association (LMA). DNV Business Assurance Services
UK Limited have provided a Second Party Opinion (SPO) which
confirms the alignment of the Framework to these principles.
NatWest Markets acted as Sustainability Structuring Advisor.
Both the Framework and SPO can be found on the investor section
of our website.
Janine Cole, Sustainability & Social Impact Director
commented, "Following the launch of our Roadmap to Net Zero and
"The Time is Now", our sustainability statement of intent in 2020,
the Framework marks the next step in our continuing journey to
integrate sustainability across all aspects of our business."
Martin Leighton, Director of Corporate Finance commented, "We
are very pleased to have published the Framework and look forward
to further accessing the sustainable debt finance market in the
years to come."
Contacts:
Great Portland Estates plc
Nick Sanderson, Chief Financial & Operating Officer +44 (0) 20 7647 3000
Martin Leighton, Director of Corporate Finance
Janine Cole, Sustainability & Social Impact Director
Finsbury Group
Gordon Simpson +44 (0) 20 7251 3801
James Murgatroyd
For further information on GPE see www.gpe.co.uk or follow us on
Twitter at @GPE_plc
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