"Climate change and societal efforts to reduce carbon emissions have become one of the big investment themes," said
Green bond issuance in 2016 currently stands at slightly above
The GRESB Green Bond Guidelines for the Real Estate Sector recognize the industry's environmental and social impact, and provide specific guidance on how to identify green project eligibility, implement and manage investment proceeds, and communicate potential and actual green bond outcomes to stakeholders. The 2016 version of the GRESB Guidelines adds specific guidance for issuers and investors in green property bonds. It provides a list of aspects, certification schemes and KPIs that issuers may incorporate into their frameworks and use for further monitoring, along with specific advice on what processes should be present in project evaluation and monitoring stages, and proceeds management on both environmental and social measures. The update incorporates active feedback from the
"A comprehensive green property bond framework that underlines eligibility criteria and potential environmental impact is a valuable resource for market participants," said
To read more about the GRESB Green Bond Guidelines for the Real Estate Sector, visit gresb.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gresb-updates-green-bond-guidelines-for-the-real-estate-sector-300338808.html