The enhanced GFF, which will apply to both newly issued and outstanding green financing, increases the minimum BREEAM certification eligibility criteria from “very good” to at least “excellent” or equivalent.
NEPI Rockcastle has issued 1 billion Euros in green bonds since publishing its first GFF in 2020. The introduction of a more rigorous GFF ensures that the Group will continue to align with international standards for sustainable finance, including industry best practices and the EU Taxonomy Technical Screening Criteria.
“Sustainability is ingrained within our business strategy and the updated Green Financing Framework reinforces our commitment to building a greener future. We are now setting an even higher standard for environmental performance across our portfolio, in line with our engagement to address pressing challenges, such as climate change and biodiversity loss”, says Eliza Predoiu, Chief Financial Officer, NEPI Rockcastle.
ISS Corporate Solutions has issued a second-party opinion on the GFF confirming its alignment with international standards for sustainable finance (including the EU Taxonomy Technical Screening Criteria for a Substantial Contribution to Climate Change Mitigation, and the contribution to relevant United Nations Sustainable Development Goals (UN SDGs)).