Climate Bonds Initiative awards Icade the highest score for its Green Bond reporting
Icade ranks at the top of the global Top 10 for the quality of its Green Bond reporting according to the Climate Bonds Initiative “Post-issuance Reporting in the Green Bond Market” report.
On September 4, 2017, Icade issued its Inaugural Green Bond for €600 million with a maturity of 10 years and an annual coupon of 1.50%. This issue, which was almost 3 times oversubscribed, was met with great success among French and international socially responsible investors. The proceeds of this issue have been used to finance or refinance assets and projects from the Office Property Investment Division meeting stringent and transparent eligibility criteria including, among others, a minimum certification level of HQE “Very Good” and/or BREEAM “Very Good”.
The CBI’s report on Green Bond reporting underscored Icade’s commitment to a proactive environmental policy, consistent with its goal to become a leading CSR player in the property investment industry. Icade’s Green Bond reporting obtained the top score (25/25) and was ranked among the best in the world.
The Climate Bonds Initiative is an international not-for-profit organization promoting investment in projects and assets necessary for a rapid transition to a low carbon and climate resilient economy.
Links towards key documents:
- Climate Bond Initiative report :
- Green Bond - Reporting at 31.12.2017
- Methodological Guide to Quantifying Avoided Greenhouse Gas Emissions