Dream Industrial REIT (TSX: DIR.UN) (“Dream Industrial”, or the “Trust”) nowadays delivered its Green Financing Framework (“the Framework”) in assist of its determination to impact, sustainability, and environmental, social and governance (“ESG”) duties.
“The Green Financing Framework represents a key step in Dream Industrial’s self-discipline to developing strategic investments in sustainable duties and growing long time price for our unitholders,” stated Brian Pauls, Chief Executive Officer of Dream Industrial REIT. “The Framework demonstrates our recognition on green tasks which might be aligned with the UN Sustainable Development Goals (SDGs), and attracts capital for effect making an funding on the same time as imparting transparency on our improvement to severa stakeholders.”
Under the Framework, Dream Industrial, or any of its subsidiaries can also moreover hassle inexperienced bonds, green loans or terrific financial devices to finance or re-finance eligible green tasks, as defined in the Framework. The Trust’s Framework has been reviewed via DNV, a global leader in pioneering green, social, and sustainable frameworks. DNV issued a 2d party opinion confirming that the Framework aligns with the International Capital Markets Association Green Bond Principles 2018 and the Loan Market Association Green Loan Principles 2021. TD Securities and Scotiabank acted as Green Structuring Advisors for the Framework. Sustainability is ingrained in Dream Industrial’s business business enterprise and it’s miles targeted on inner and external obligations which can be aligned with the UN SDGs to benefit all stakeholders.
About Dream Industrial Real Estate Investment Trust
Dream Industrial REIT is an unincorporated, open-ended real property funding trust. As at March 31, 2021, the Trust owns and operates a portfolio of 186 property (280 industrial business enterprise homes) comprising about 28.Eight million rectangular toes of gross leasable place in key markets all through North America and a developing presence in strong European commercial business corporation markets. The Trust’s goal is to maintain developing and enhance the great of its portfolio and to provide appealing well-known returns to its unitholders.
