Charné Hundermark, Southern and East Africa Editor February 10, 2021
The Development Bank of South Africa (DBSA) has launched a €200-million green bond (≈$240 million) to finance climate change initiatives throughout the country. Established through a private placement with the French Development Agency, the loan is intended to contribute to South Africa’s climate change mitigation efforts.
The loan is aligned with the country’s Renewable Energy Independent Power Producer Procurement program, intended to boost domestic renewable energy investment and production, and will help fast-track sustainable and climate-friendly projects.
“The bond will be structured in accordance with the Bank’s recently published Green Bond Framework, which reiterates the DBSA’s commitment to playing a role in the just transition to a low-carbon economy,” said the DBSA in a statement. “The framework is aligned with the International Capital Markets Associa
Allied Announces Green Financing Framework
TORONTO, Feb. 03, 2021 Allied Properties Real Estate Investment Trust (TSX:AP.UN)(“
Allied”) today announced its Green Financing Framework (the “
Framework”) in support of its commitment to environmental, social and governance (“
ESG”) and sustainability. Under the Framework, Allied, or any of its subsidiaries may issue green bonds, green loans or other financial instruments to finance or re-finance eligible green projects, as defined in the Framework.
Allied’s Framework has been reviewed by Sustainalytics, a global leader in providing ESG research and analysis. Sustainalytics issued a second party opinion confirming that the Framework aligns with the International Capital Markets Association Green Bond Principles 2018 and the Loan Market Association Green Loan Principles 2020. Scotiabank acted as Green Structuring Advisor for the Framework.