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Foncière INEA’s Green Loan SPO Provided by V.E

V.E has provided a Second Party Opinion (SPO) on Foncière INEA’s Green Loan. The loan has been designed to acquire office buildings with high environmental performances. The net proceeds of the loan will exclusively finance or refinance, in whole or in part, new or recent office buildings with high environmental performances in six cities across the main French regional metropolises, namely: Aix-en-Provence, Bordeaux, Lille, Lyon, Nantes, Rennes.

We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of Foncière INEA. V.E is of the opinion that the Loan is aligned with the four components of APLMA, LMA and LSTA’s Green Loan Principles and best practices identified by V.E. We express an advanced assurance on the contribution of these bonds to sustainability.

The real estate sector represents ~40% of global energy consumption and 33% of CO2 emissions, highlighting the need for buildings with better environmental performances. Foncière INEA directly contributes to tackling carbon emissions of buildings in France by following stringent emissions criteria (i.e. aligned with the EU Taxonomy) and adopting recognized certifications. As such, the potential positive impact of the eligible assets on environmental objectives is considered to be advanced. Foncière INEA’s identification and management of the environmental risks associated with the eligible assets are considered robust.

Foncière Inea SA invests in new or recent office buildings in the main French regional metropolises. At the end of 2019, it owned 72 real estate sites representing a total surface of over 371 500 m2 and a value of 874 M€.

The other company details V.E has produced more than 380 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Click here to view V.E’s SPO on Foncière INEA’s Green Loan.

 

ABOUT MOODY’S ESG SOLUTIONS

Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody’s Investors Service (MIS) and Moody’s Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at www.moodys.com/esg.

 

CONTACTS

Moody’s ESG Solutions:

Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000
Lisa.Stanton@moodys.com

Media inquiries:

Tim Whatmough
VP-Communications
+33 (153) 303-385
Tim.Whatmough@moodys.com

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