There is consensus among leading industry bodies that an assessment of materiality in the context of financial information, involves a qualitative assessment that takes into account context and surrounding circumstances. In the case of non-financial data, as well as defining the scope of what is material, the challenges in collecting robust and rigorous ESG data means that context […]
On Friday June 19, NASDAQ, the world’s second largest electronic stock exchange, hosted an audience hungry for the best. I’m not talking about Fogo de Chao’s ringing of the closing bell after their successful IPO rose nearly 30% on that day’s market debut – this group expected much more. This audience of nearly 200 capital market experts, institutional shareholders, and company professionals descended on […]
Digital Realty Trust Issues First Global Green Property Bond
The property sector appears to be warming up to green bonds. Over the last year, we have seen a series of offerings from Vornado Realty Trust, Regency Centers, Unibail-Rodamco, Vasakronan, and Stockland. A new, $500 million green bond issued by Digital Realty Trust, Inc. (NYSE ticker DLR, more on GBIG) marks an important step forward for property-based bonds. Digital’s new bond is distinguished by […]
Green Capital For Greener Buildings: GRESB Green Bond Guidelines for the Real Estate Sector
The property sector has recently received significant attention related to climate change and sustainability efforts, and rightfully so. Contributing one-third of global carbon emissions and consuming 40% of global energy and resources, 25% of water and 60% of electricity (in Europe and the US, this is even over 80%), the real estate sector constitutes one of the […]
Trends in Responsible Investing: Show Me the Money
Last week, I spoke at the ARES Seminar on Sustainability in Real Estate in Tokyo about trends in Responsible Investing, and why green is the color of money. Without a doubt this is a hot topic, as Responsible Investing is getting more and more attention, while an increasing amount of investors are incorporating its principles […]
