Sustainability is at the heart of everything we do at Landsec. We aim to lead our industry on sustainability, by addressing critical long-term issues, through ambitious commitments and science based targets. To support our strategy and further embed sustainability across the business, we have created our Green Financing Framework, enabling future green bond issuance.
This document describes Landsec's sustainability programme, types of eligible projects, process for project selection and allocation, management of proceeds and reporting.
The framework is aligned with both the International Capital Markets Association (ICMA) Green Bond Principles and the Loan Market Association (LMA) Green Loan Principles. It is also consistent with the objectives set out in the latest EU Technical Expert Group on Sustainable Finance Taxonomy. Sustainalytics has provided a second-party opinion on this framework.
The bonds will be issued out of our normal corporate debt structure and so offer our investors all of the security and features of our other bonds.