Europe’s First Green Certification of a CRE Loan Goes to Paris
ByIvanhoé Cambridge and Natixis Assurances, partners in the DUO towers development in Paris, have been awarded the “Climate Bond Certified” label by Climate Bonds Initiative (CBI) for the aforementioned project. The certification marks Europe’s first green-labelled commercial real estate loan, which totaled nearly $600 million (€480 million).
DUO landed the loan in November last year, from a banking syndicate consisting of BNP Paribas, Crédit Agricole Corporate & Investment Bank, Deutsche Pfandbriefbank AG, La Banque Postale, Natixis and Banque Européenne du Crédit Mutuel, represented by Crédit Agricole Corporate & Investment Bank. To receive the CBI certification, DUO mandated German rating agency oekom research AG as verifier of the Low Carbon Buildings – Commercial Properties standard and organized the reporting structure for the monitoring of environmental certifications, energy consumptions and carbon dioxide emissions…
Europe’s First Green Certification of a CRE Loan Goes to Paris
