The Green Finance Institute (GFI) and Climate Bonds Initiative (Climate Bonds) have launched the Global Property Linked Finance Initiative (GPLFI) to create a new asset class aimed at unlocking private investment for decarbonising and improving the resilience of buildings.
The initiative aims to harmonise property linked finance markets worldwide.
Emma Harvey-Smith, managing director at the GFI and co-chair of the GPLFI, said: “Property Linked Finance has already demonstrated its ability to unlock billions in sustainable investment in several different markets.
“Through the Global Property Linked Finance Initiative, we are working with partners across the world to lay the foundations for a new global asset class, creating the frameworks, technical assistance and finance vehicles needed to unify fragmented markets and accelerate capital flows into net-zero and climate-resilient buildings everywhere.”
Ina Hoxha, chief investment officer and deputy CEO at Climate Bonds Initiative, said: “Property Linked Finance has the potential to transform how we fund the decarbonisation and resilience of the building sector globally.
“By harmonising standards and scaling this proven mechanism internationally, the Global Property Linked Finance Initiative will unlock much-needed capital flows, accelerate market development, and provide investors with a new, credible asset class to support the net-zero transition.”
