44% of Gecina’s bank lines are now responsible, representing 2 billion euros
Gecina has finished setting up three new responsible credit lines, with financial conditions indexed against CSR performance, for a combined total of 350 million euros. The three CSR criteria used to determine the interest rate for these facilities are checked each year and focused on reducing greenhouse gas emissions for Gecina’s assets, reducing energy consumption for the Group’s operational offices and improving the certification rate for in-use office spaces.
These new lines, set up with an average maturity of 6.6 years, have enabled Gecina to secure the early refinancing of all the residual bank maturities due within the next two years.
In addition, the Group signed three amendments in December and January to transform existing bank lines into responsible lines, for a total of 450 million euros.
Gecina’s volume of responsible credit agreements is now up to 2.0 billion euros, representing 44% of the Group’s total bank borrowings.
In 2020, for the third consecutive year, Gecina achieved an overall score of 92/100 in the GRESB (Global Real Estate Sustainability Benchmark) rankings, was awarded the maximum A rating in the CDP climate change rankings, and received HQE In-Use certification for 17 new assets.
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Gecina concludes with ING France the first sustainable improvement loan indexed on its GRESB Rating
Gecina, the largest European Office REIT has signed with ING France a €150m sustainability performance-linked loan with its margin depending, among others, on its Environmental, So[...]
Paris, France, April 9, 2018
Executive Director Communications, Public Affairs and Brand