ICADE (EPA:ICAD) - Climate Bonds Initiative awards Icade the highest score for its Green Bond reporting
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26/03/2019 18:18
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PRESS RELEASE
Issy-les-Moulineaux, March 26, 2019
Climate Bonds Initiative awards Icade the highest score for its Green Bond
reporting
Icade ranks at the top of the global Top 10 for the quality of its Green Bond
reporting according to the Climate Bonds Initiative "Post-issuance Reporting in
the Green Bond Market" report.
On September 4, 2017, Icade issued its Inaugural Green Bond for EUR600 million
with a maturity of 10 years and an annual coupon of 1.50%. This issue, which
was almost 3 times oversubscribed, was met with great success among French and
international socially responsible investors. The proceeds of this issue have
been used to finance or refinance assets and projects from the Office Property
Investment Division meeting stringent and transparent eligibility criteria
including, among others, a minimum certification level of HQE "Very Good"
and/or BREEAM "Very Good".
The CBI's report on Green Bond reporting underscored Icade's commitment to a
proactive environmental policy, consistent with its goal to become a leading
CSR player in the property investment industry. Icade's Green Bond reporting
obtained the top score (25/25) and was ranked among the best in the world.
The Climate Bonds Initiative is an international not-for-profit organization
promoting investment in projects and assets necessary for a rapid transition to
a low carbon and climate resilient economy.
Links towards key documents:
- Climate Bond Initiative report :
https://www.climatebonds.net/files/reports/cbi_post-issuance-reporting_
032019_web.pdf
- Green Bond - Reporting at 31.12.2017 :
https://www.icade.fr/en/content/download/17308/205718/version/3/file/
VUK_reporting_3112217.pdf
- Methodological Guide to Quantifying Avoided Greenhouse Gas Emissions :
https://www.icade.fr/en/content/download/17309/205726/version/3/file/
Icade_GuidemethodologiqueEmissionsEvitees_version_publique_EN.pdf
CSR Calendar:
- Green Bond reporting as at December 31st, 2018 : September, 2019
ABOUT ICADE
Building for every future
As an investor and a developer, Icade is an integrated real estate player,
which designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As an office and
healthcare property investor (portfolio value of EUR11.3bn as of 12/31/18 on a
proportionate consolidation basis) and as a property developer (2018 economic
revenues of EUR1,251m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
dépôts Group.
The text of this press release is available on the Icade website:
www.icade.fr
CONTACTS
Anne-Sophie Lanaute,
Head of financial communication and investor
relations
+33(0)1 41 57 70 29
anne-sophie.lanaute@icade.fr
Charlotte Pajaud-Blanchard,
Press relations manager
+33(0)1 41 57 71 19
charlotte.pajaud-blanchard@icade.fr