AIMCo Realty Investors LP (“AIMCo Realty”) announce its Green Financing Framework (the “Framework”) in support of its commitment to environmental, social and governance (“ESG”) and sustainability principles.
“The Green Financing Framework represents a key step in AIMCo Realty’s commitment to sustainability and to making strategic investments in projects that drive long-term investment performance for our clients,” said Tony Vadacchino, Vice President, Real Estate, Alberta Investment Management Corporation (“AIMCo”).
“The objective of this Framework is not merely to identify ESG risks and opportunities but to ensure we are providing robust risk adjusted returns for our clients while actively contributing to better sustainability outcomes for all.”
Under the Framework, AIMCo Realty intends to allocate the net proceeds from the issuance of green bonds, green loans or other financial instruments to finance and/or re-finance one or more eligible green projects, as defined in the Framework. AIMCo Realty’s Framework has been reviewed by Sustainalytics, a global leader in providing ESG research and analysis. Sustainalytics issued a second party opinion confirming that AIMCo Realty’s Framework aligns with the International Capital Markets Association (ICMA) Green Bond Principles 2021 and the Loan Market Association (LMA) Green Loan Principles 2021. Scotiabank acted as Green Structuring Agent for the Framework.
In keeping with its commitment to transparency, AIMCo’s clients and stakeholders will have the ability to assess AIMCo Realty’s progress on its green financing program through annual updates posted to its website and in its Annual Corporate Sustainability Report until the net proceeds of any green financing are fully allocated to eligible green projects.
Copies of AIMCo Realty’s Framework, and Sustainalytics’ second party opinion are available on AIMCo’s website.