Green financing
More on WDP’s green financing.
WDP Green Financing Framework
As a capital intense real estate company, we need to secure our access to financing (debt and equity). The clear regulatory shift towards green financing implies a higher demand from investors and financial institutions for green investments and green-certified assets. This ambition on making capital and operations more sustainable is also integrated into the WDP Climate Action Plan: the WDP GREEN track sets clear targets on green financing and green certified warehouses.
WDP aims to achieve balanced growth within a context of transparent and fair governance. In doing so, we respond to economic, social, and environmental needs. This makes us a reliable partner for all our stakeholders and leads to sound financial metrics and attractive, recurring returns.
WDP has developed its Green Financing Framework (“the Framework”) to (re)finance Eligible Green Projects that support the company’s strategy and commitments to sustainability. Eligible Green Projects furthermore contribute to the EU Environmental Objectives, climate change mitigation and adaptation in particular. WDP published its first Green Financing Framework in March 2018, followed by an update in 2020. As part of a continuous effort to ensure that the Framework aligns with current best market standards, WDP has decided to update its Green Financing Framework again in 2022. As the green finance market continues to evolve, WDP’s Framework may be subsequently revised or updated to remain consistent with shifting expectations, best market practices and the regulatory landscape.
Within its Framework, WDP integrates the four core components for alignment with the Green Bond Principles (i.e. Use of Proceeds, Process for Project Evaluation and Selection, Management of Proceeds and Reporting) and will deliver transparent reporting a year after the issuance of the relevant Green Financing Instrument, and then annually until full allocation.
An external auditor will verify the allocation of proceeds to the portfolio of Eligible Green Projects as well as the indicators used in the impact report until maturity of issued Green Financing Instruments.