Company Announcements

GPE publishes its Sustainable Finance Framework

Source: RNS
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 £450 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFZGZNDMVGMZM
image