Primaris Real Estate Investment Trust announced that it has published its inaugural Green Finance Framework under which the company may issue green bonds, green loans or other related financial instruments. 

The Framework includes eight eligible categories for investment: green buildings, energy efficiency, renewable energy, sustainable water and wastewater management, clean transportation, climate change adaptation, pollution prevention and control, and the circular economy.

“Today marks a significant step forward in our commitment to sustainability,” said Rags Davloor, Chief Financial Officer, in a statement. “With the publication of our Green Finance Framework, we are aligning our environmental goals and targets with business strategy. Proceeds from green financing will support our focus on emissions reduction, building certifications, energy and water management, and tenant sustainability impacts, while creating long-term value for our stakeholders.”

The Framework was reviewed by Moody’s Ratings, which issued a Second Party Opinion confirming the Framework’s alignment to the International Capital Market Association Green Bond Principles (2021) and the Loan Market Association Green Loan Principles (2025).

Primaris will report annually on the allocation and impact of financed projects under the Framework on its website and/or in its corporate reporting. 

Primaris is Canada’s only enclosed shopping centre focused REIT,with ownership interests in leading enclosed shopping centres located in growing Canadian markets.