Stoneweg EREIT updates green financing framework

The REIT was previously known as Cromwell European REIT.

Stoneweg EREIT (SERT), formerly Cromwell European REIT, has updated its Green Financing Framework to reflect its sustainability strategy, following changes in its name and sponsor.

The Green Finance Framework is based on the International Capital Market Association’s (ICMA) Green Bond Principles (GBP), the Loan Market Association’s (CMA) Green Loan Principles (GLP), and ASEAN Capital Markets Forum’s (ACMF), Green Bond Standards (GBS).

According to ISS-Corporate's (ISS) assessment, the REIT's eligible project categories under SERT’s framework including green buildings, renewable energy, and energy efficiency make a positive contribution to the Sustainable Development Goals (SDGs).

ING acted as the sole ESG structuring advisor in updating SERT's Green Finance Framework.

“Debt and equity capital partners today seek increasingly detailed environmental data, tangible performance commentary, and comprehensive quantitative ESG disclosures. We are putting in a lot of effort to meet this demand,” Shane Hagan, CEO of SERT’s manager said.