DEALS Facilitating financing of sustainable spaces Absa | Corporate and Investment Banking > Insights and Events > Facilitating financing of sustainable spaces SHARE We are proud to have acted as sustainability coordinator for Growthpoint Properties in refreshing their externally verified, Green Bond Framework to comply with the new JSE Listing Requirements and arranging their Green Bond issuance valued at R1 billion. Growthpoint Properties (“Growthpoint”) is an international property company and the largest South African primary REIT (Real Estate Investment Trust) listed on the JSE, with assets in South Africa, Poland, Romania, Australia, and the UK. Growthpoint is committed to delivering spaces that positively impact the environment, as well as the physical and mental well-being of the people who occupy them. Their innovative and sustainable property offerings are designed around providing spaces for their tenants to thrive. The deal was a 7-year and 10-year green use of proceeds bond, to be allocated towards the financing of green buildings. This will be the first green bond issued under Growthpoint’s refreshed Green Bond Framework. The proceeds contribute towards the achievement of Growthpoint’s target of becoming carbon neutral by 2050, along with their 20:20:20:2 sustainability targets over the next 5 years (20 net zero buildings by 2025, 20 MW of solar energy by 2023, R20m worth of green lease recoveries by 2025 and 2 Greenovate Award innovations by 2024). This deal demonstrates our commitment to supporting our clients on their ESG journeys as well as our ability to deliver tailored solutions by linking clients’ sustainable growth strategies with their financing. We are proud to support our clients on their sustainability endeavors at all stages in their ESG journeys while focusing on material and relevant matters that affect the sustainability for the country. Contact Heidi Barends https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Expanding Africa’s Capital Markets We are pleased to have partnered with the International Finance Corporation in again successfully accessing the local currency bond market as Lead Arranger, this time in Zambia. Read more DEALS Accelerating sustainable socio-economic development in South Africa We are proud to be Joint Arranger and Dealer of the New Development Bank’s (NDB) debut issuance Read more DEALS Shared values of sustainability Business success is built on a foundation of high-quality partnerships with an understanding of each other’s strategic goals. Read more