How real estate is starting to embrace green finance

Building certifications are playing a central role


Green lending is on the up – and building certifications are playing a central role

Real estate lenders are increasingly offering loans based on sustainability performance as demand grows for green-linked financing.
Aviva Investors plans to lend £1 billion (US$1.4 billion) over the next four years for sustainable real estate. Dutch bank ING is offering new green building incentive loans to fund energy-efficient retrofits.
A group of banks recently lent around US$635 million for a green mixed-use development in Singapore, while Allianz Real Estate provided a £140 million green loan to the Canary Wharf Group in London.
The efforts in real estate come amid a wider push in the finance world. Last year, over $700 billion of sustainable and green debt was issued globally, up from $250 million in 2018, according to Bloomberg, which estimates that investment products tailored for environmental, social and governance factors could grow to more than $53 trillion of assets by 2025.
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