Federal Realty is a real estate investment trust that focuses on delivering long-term, sustainable growth through investing in communities where retail demand exceeds supply. In April 2023, it issued a $350 million green bond for future green projects. This is the second green bond Federal Realty has issued with a goal of supporting greener communities. To be included in the green bond, projects must have received or expect to receive a LEED (Leadership in Energy and Environmental Design) Gold or Platinum certification (or environmentally equivalent successor standards).
The use of proceeds for Federal Realty’s green bond potentially include:
- Investments in acquisitions of buildings
- Building developments or redevelopments
- Renovations in existing buildings
- Tenant improvement projects
As Federal Realty focuses on their mission to continue to create sustainable growth, the company has developed five key objectives: advance decarbonization, strengthen resilience, connect communities, empower teams and govern responsibly.
To learn more about Federal Realty’s greenhouse gas emission reduction initiatives, benefits to their community and local economies, and continued enrichment of their corporate culture, at their 2023 Sustainability Report.
The Praxis Impact Bond Fund invests in many bonds that finance impactful projects around the world. These bonds receive competitive financial returns, and have a clear, direct impact on the world. Investments include renewable energy projects, green bonds, low-income housing, education, social bonds and more.