GRESB recognizes the release of the new publication, “Unlocking the Value: A Practical Guide for Sustainable Finance in the Australian Real Estate Sector.” The Guide provides an accessible, broadly applicable introduction to the types of sustainable finance, including green bonds, sustainability linked loans, and other instruments. It provides useful new information including:
- Sample targets and model language for the use of proceeds in building-based green bonds and loans.
- Examples of KPIs for use in financial instruments.
- Recommendations for the use of green building certifications.
The Guide’s clear, time-bound targets for the fundamental elements of decarbonization, including energy use, energy supply, and embodied carbon are particularly useful. The document backs these up with case studies for building projects using sustainable finance to create superior buildings that benefit people and the environment. Congratulations to Jorge Chapa and the GBC Australia team for their leadership.