ING Bank N.V., Singapore (ING) acted as the sole ESG structuring adviser. As part of its role, ING provided expertise in updating Stoneweg European REIT’s green financing framework.
Stoneweg European REIT has updated its green financing framework to reflect its new sustainability strategy, following a change in the ownership of its sponsor and substantial unitholder.
Stoneweg European REIT changed its name from Cromwell European REIT on Jan 2. In a Jan 15 announcement, the manager of the REIT says its new green financing framework is based on three “leading standards” in green finance, namely the Green Bond Principles (GBP) as administered by the International Capital Market Association (ICMA); the Green Loan Principles (GLP) as administered by the Loan Market Association (CMA); and the Green Bond Standards (GBS) as administered by the Asean Capital Markets Forum (ACMF).
