Primaris Real Estate Investment Trust has released its inaugural Green Finance Framework, enabling the issuance of green bonds, green loans, and other sustainability-linked financial instruments. The framework outlines eight eligible investment categories, including green buildings, energy efficiency, renewable energy, clean transportation, and circular economy initiatives.
Trustee Anne Fitzgerald, who chairs the Compensation, Governance, and Nominating Committee, stated: “It’s a practical step that aligns with our broader sustainability strategy and helps ensure we’re investing in projects that support environmental progress in a thoughtful, responsible way.”
Primaris Chief Financial Officer Rags Davloor added: “Today marks a significant step forward in our commitment to sustainability. With the publication of our Green Finance Framework, we are aligning our environmental goals and targets with business strategy.”
Proceeds from green financing will be allocated to initiatives such as emissions reduction, building certifications, water and energy management, and efforts to reduce tenant-related environmental impacts.
The framework has been reviewed by Moody’s Ratings, which issued a Second Party Opinion confirming its alignment with the Green Bond Principles (2021) of the International Capital Market Association and the Green Loan Principles (2025) of the Loan Market Association.
Primaris will provide annual updates on the allocation and environmental impact of financed projects through its website and corporate reporting. Both the framework and the Second Party Opinion are publicly available on the ESG section of the company’s website.
