The newly established framework supports the realization of the company’s sustainability agenda, covering both social and environmental aspects. PPI's portfolio has a clear social impact and mainly consists of community service properties with government-backed tenants. The properties house functions of essential importance to society such as hospitals, police stations, courts, nursing homes for elderly care, schools, preschools and other public service properties.

“We are very pleased to have finalised our Sustainable Financing Framework. PPI owns, manages and develops high-quality and specially adapted social infrastructure properties that enable its tenants to fulfil their social mandate. We believe that we have succeeded in developing a framework that will be received as attractive among our bond investors” says Marianne Aalby, EVP Finance.

The framework defines the investments that are eligible for green (such as green buildings and renovation of buildings) and social financing (e.g. essential service properties such as healthcare, elderly care homes, assisted living service properties, schools etc.).

The framework has been developed in accordance with the International Capital Market Association's (ICMA) Green Bond Principles (GBP), Social Bond Principles (SBP), and Sustainability Bond Guidelines (SBG), and the Loan Market Association (LMA) Green Loan Principles (GLP) and Social Loan Principles (SLP). ISS-Corporate has provided an independent second party opinion confirming the framework’s alignment with the above-mentioned guidance and ISS-Corporate’s internal validation requirements.

The Sustainable Financing Framework and ISS-Corporate’ second-party opinion are available on PPI’s website Public Property Invest | Funding.

DNB Carnegie has acted as sole Sustainable Finance Advisor on the establishment of Public Property Invest’ Sustainable Financing Framework.