Second-Party Opinion Download

Sustainalytics is of the opinion that the Allied Properties REIT Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018 and the Green Loan Principles 2020. This assessment is based on the following:

USE OF PROCEEDS

The eligible categories for the use of proceeds – Green Buildings, Resource Efficiency & Management, Clean Transportation, and Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018 and the Green Loan Principles 2020. Sustainalytics considers that the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDGs 6, 7, 9, 11 and 12.

PROJECT EVALUATION/SELECTION

Allied Properties REIT is committed to appointing a Green Financing Working Committee (the “Committee”) to oversee the implementation of its Framework with membership consisting of employees from across the organization. Sustainalytics considers the project selection process in line with market practice.

MANAGEMENT OF PROCEEDS

Allied Properties REIT intends to deposit the net proceeds from each Green Financing Instrument issuance into its general account, where it will be earmarked for allocation to projects that meet the Framework’s eligibility criteria and will be allocated within 24 months of the offering. This process is in line with market practice.

REPORTING

Allied Properties REIT intends to report on allocation of proceeds on its website on an annual basis until full allocation. In addition, Allied Properties REIT is committed to reporting on relevant quantitative and qualitative impact metrics, where feasible. Sustainalytics views Allied Properties REIT’s allocation and impact reporting as aligned with market practice.