Centerpoint Properties demonstrates ESG commitment with closing of inaugural green bond issuance

CenterPoint Properties, an innovator in the investment, development and management of industrial real estate and multimodal transportation infrastructure, today announced the closing of its inaugural green bond issuance pursuant to the private placement of $250 million of long-term, fixed-rate notes (the “green bonds”).

The green bonds demonstrate the company’s Environmental, Social and Governance (ESG) commitment. CenterPoint has a long-standing commitment to sustainability ingrained in its operations. Company leaders believe properly managed real estate can help protect the environment, revitalize local economies and improve the lives of workers. As a result, CenterPoint continually works to incorporate sustainability features into its core business.

“CenterPoint’s executive leadership team strongly believes this inaugural green bond issuance will greatly help us in our efforts to make a positive impact on the environment,” said Chief Financial Officer Chris Papa. Vice President of ESG & Corporate Affairs, Elena Daniel, added: “At CenterPoint, we believe industrial real estate presents an opportunity and responsibility to make our world greener and a better place for future generations.” 

CenterPoint strives to find smart logistics solutions to cut carbon emissions, develop energy-efficient buildings that save resources and ensure proper disposal of hazardous materials to make tenants, communities and local environments safer. Sustainability is grounded in the company’s operations to help tenants preserve resources for years to come.

As outlined in CenterPoint’s Green Financing Framework, proceeds from the green bonds will be used to fund projects including green building construction expenditures and the development and operational maintenance and acquisitions of new, existing or refurbished buildings that receive LEED, ENERGY STAR and other industry-leading certifications. In addition, proceeds from the green bonds are eligible for funding energy-efficient projects within the company’s current portfolio related to equipment systems, operational improvements and other sustainable maintenance. 

CenterPoint has years of experience adhering to green standards and environmental regulations. Over the past few years, it has grown its portfolio of properties certified by USGBC Leadership in Energy and Environmental Design (LEED). CenterPoint also continually monitors and works to reduce water usage, energy utilization and the overall carbon footprint of its properties using ENERGY STAR Portfolio Manager.

CenterPoint will issue an annual Green Bond Allocation Report reflecting the use of proceeds from the green bonds to finance or refinance eligible green projects until all proceeds have been fully allocated. The report will also include the achieved or expected level of green building certifications and, where feasible, the expected environmental impact metrics on a portfolio basis.