MIPIM 2022: Green financing explored

The topic of green financing took on extra significance at this year’s Mipim as PropertyEU organised a private roundtable in Cannes dedicated to the topic.

A plethora of top real estate investment firms have been tapping capital markets via green bonds, with P3 Logistic Parks backed by GIC one of the latest examples.

In January, the logistics expert issued an inaugural €1bn green bond following closely on the heels of others such as VGP, CTP, and Gecina to name a few. Earlier this year, CTP sold its eighth green bond.

P3 supplied the venue for the discussion at the Jetée Albert Edouard adjacent to the Mipim exhibition halls.

Participants included P3’s CFO, Thilo Kusch, CTP’s deputy CEO Richard Wilkinson, CBRE IM’s head of treasury and debt financing EMEA, Duco Mook, and Nicole Lux of Bayes Business School.

On the agenda were items such as how green finance fitted overall ESG strategies, any downside considerations of green bonds subject to wider market volatility such as from the conflict in Ukraine, and whether the debt market is keeping up with demand.

Other factors open to debate included whether the logistics sector was more advanced than others in ESG generally, whether green frameworks of real estate companies went far enough, and how European regulations are driving trends.

The conversation was moderated by PropertyEU correspondent, Jane Roberts.

Stay tuned for coverage of the event