Dream Industrial REIT unveils green debt financing framework

By Marisa Wong

Los Angeles, June 7 – Dream Industrial REIT announced a green financing framework in support of its commitment to impact, sustainability and environmental, social and governance (ESG) initiatives, according to a press release.

Under the framework, Dream Industrial or any of its subsidiaries may issue green bonds, green loans or other financial instruments to finance or refinance eligible green projects.

The trust’s framework has been reviewed by DNV, which issued a second 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 advisers.

“The framework demonstrates our focus on green initiatives that are aligned with the UN Sustainable Development Goals (SDGs), and attracts capital for impact investing while providing transparency on our progress to various stakeholders,” chief executive officer Brian Pauls said in the press release.

Dream Industrial is a Toronto-based unincorporated open-ended real estate investment trust.

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