RCS - Lendinvest PLC - LendInvest publishes Green Bond Framework

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24/11/2022 11:15

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RNS Number : 4998H  Lendinvest PLC  24 November 2022

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LEI: 213800NWMK3O4UWP9N91

 

24 November 2022

 

LendInvest plc

 

 

LendInvest launches Green bond framework and achieves carbon neutrality

 

London, 24 November 2022 - LendInvest (http://www.lendinvest.com) , the UK's
leading platform for property finance, has published a Green bond framework,
aligned with the ICMA Green Bond Principles, supported by a Second Party
Opinion ("SPO") from leading ratings agency S&P Global Ratings.

 

Net proceeds from the green bonds will be exclusively used to finance or
refinance loans for eligible green projects including the construction and
purchase of assets compliant with the high energy efficiency standards in the
UK property market, or enhancements to improve the energy performance of
existing properties.

 

To date, LendInvest has issued three retail-eligible bonds, under two EMTN
programmes which are listed on the London Stock Exchange, the latest of which
was issued in July 2022 at 6.5% due 2027.

LendInvest's Green Bond Framework is designed to accelerate the allocation of
capital to eligible retrofit projects in the UK in an effort to decarbonise
the UK's housing stock, which is responsible for 14% of total UK emissions.

 

LendInvest has also achieved carbon neutrality as a business for the last
financial year. To achieve this, LendInvest worked with leading carbon
solutions provider, Climate Impact Partners (formerly known as ClimateCare
& Natural Capital Partners).

 

The business' total Greenhouse Gas Emissions totalled 253 tCO₂e over the
financial year, covering all scope 1 and 2 emissions in addition to a range of
scope 3 emissions, that are offset through a number of high impact emission
reduction projects. These projects include supporting renewable energy,
reforestation, improved water filtration and sustainable building efforts, and
align with LendInvest's ESG strategy and a range of the UN's Sustainable
Development Goals that are focused on climate action, as well as the Paris
Agreement in limiting mean global warming to well below 2 degrees celsius
above pre-industrial levels.

 

Hugo Davies, Chief Capital Officer at LendInvest, said: "Given the built
environment is responsible for a large proportion of emissions, it is
imperative that our industry works to make real, tangible progress in
improving energy efficiency & reducing the environmental impact of real
estate.

 

The hard-hitting truth is that there is still a lot to be done and far too
often we lull ourselves into a false sense of security. We need our national
EPC databases and methodologies to be fit for purpose, we need to ensure we
are training a new generation of skilled professionals who will have the right
resources to adequately retrofit homes and we need to ensure that everyone in
our ecosystem is working towards a unified goal.

 

We are delighted to share that for the first time, our Green Bond Framework
will allow all types of investors to be at the forefront of this change as we
seek to invest in retrofit projects through green bonds in the future."

 

A spokesperson at ClimateCare, said: "We work with leading organisations to
deliver action on climate change and create a more sustainable world. Our
joined-up approach helps organisations address their environmental impacts
through high-quality carbon market solutions that also deliver positive
impact."

 

To access the framework visit:
https://www.lendinvest.com/media-centre/green-bond-framwork/
(https://www.lendinvest.com/media-centre/green-bond-framwork/)

 

 

-- Ends --

 

Contact:

 

Leigh Rimmer, leigh@lendinvest.com (mailto:leigh@lendinvest.com) | 020 3846
6817

 

Tulchan Communications (Financial PR)
                                           +44
(0)20 7353 4200

Tom Murray / Misha Bayliss / Olivia Lucas

 

 

Notes to editors

LendInvest launched its first sustainability driven mortgage range in October
2021 offering significantly reduced rates for environmentally friendly
properties to support sustainable landlords and reduce the environmental
impact of the built environment, going beyond other products available that
offer a simple reward for properties with an EPC rating of C or above.

 

 

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