DBS Bank and OCBC Bank have been appointed as the joint advisors of the framework.
IREIT Global has established a green financing framework to further advance and integrate its sustainability commitments and priorities into its core business and strategies, according to a Dec 5 release.
According to the REIT, the framework is guided by the four key components of International Capital Markets Association Green Bond Principles (2021) and the Green Loan Principles (2023) administered by the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications and Trading Association. This includes the use of proceeds; process for project evaluation and selection; management of proceeds; and reporting, alongside the key recommendations of external review.
