Notting Hill Genesis launches its first green bond
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Bromford has launched its inaugural Sustainable Finance Framework
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Media Watch: Financing retrofit projects | Social housing series part 1
" />Posted 07.06.21
Bromford Housing: Further reading
Bromford Housing has launched its inaugural Sustainable Finance Framework, helping to measure the impact of up to a billion pounds in ESG-linked funding over the next decade.
The framework is the first in the sector to be accredited by S&P Global Ratings and reaffirms Bromford's commitment to tackling some of the biggest challenges of our time across the environmental, social, and governance agenda.
The framework also puts transparency and accountability at the heart of the approach, enabling Bromford to meet the growing expectations of its social and environmentally conscious customers, ultimately supporting them to thrive in diverse and sustainable communities.
Bromford became the first housing association to establish a green loan in March 2020. Publication of the framework now communicates its broader commitment to sustainability, highlighting a number of social and green projects at the core of our Bromford Strategy 2019-2023.
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Posted 04.06.21
Notting Hill Genesis: Further reading
Notting Hill Genesis is about to receive the proceeds of its first sustainability bond, issued under a Euro medium-term note (EMTN) programme and in line with its new sustainable finance framework.
The £250 million green bond will be repaid over 15 years at a fixed interest rate of 2.08%, with the proceeds used mainly to fund two kinds of new home - those built for social housing, including general needs and shared ownership properties, or those built to a good standard of sustainability.
Homes in the second category would need to achieve an energy performance certificate (EPC) of at least B, where A is the most efficient and G the least.
The bond is part of the association's work to develop a robust environmental, social and governance (ESG) framework within its organisation, which also includes reporting against the newly created sustainability reporting standard for social housing.
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Updated 01.06.21
Lexology: Financing retrofit projects | Social housing series part 1 - With green and sustainable finance on the rise and never more so than in the UK social housing sector, this article explores the most recent reports, developments, and opportunities for this form of finance - which has become a significant source of funding for this sector.
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