A pioneer in the issuance of Green Bonds since 2016, in 2022 Covivio reached a new milestone in aligning its financing policy with its ESG goals by converting the last of its bond tranches into Green Bonds. As a result, Covivio now holds a 100% Green Bond portfolio representing over 32% of its total debt.
On this occasion, Covivio published its Sustainable Bond Framework, which raises the targets set for the first Green Bond issues.
The framework defines the eligibility criteria for assets that can be selected:
1. hold minimum HQE Excellent, BREEAM Excellent (“Very Good” in the case of assets already delivered), LEED Gold or DGNB Gold certification;
2. be located less than 500 metres from a public transport node;
3. provide an environmental annex or clauses on leases in France and new leases in Italy and Germany.