Second-Party Opinion Download

LondonMetric Property plc has developed the LondonMetric Property plc Green Finance Framework, under which it intends to issue green bonds and obtain loans to fund projects in the UK in two environmental categories. 

We have assessed the overall Sustainability Contribution of the Framework as Strong, based on the average Sustainability Contribution of the Framework’s two use of proceeds categories. As per our methodology, we have applied equal weighting across categories. 

LondonMetric intends to finance environmental expenditures in Green Buildings and Clean Transportation. Under the Green Buildings category, commercial buildings financed or refinanced under the Framework have or are expected to achieve certification levels and labels which place them among the best performing buildings in the UK in terms of energy efficiency. Additionally, newly developed buildings (except logistic buildings) are required to be zero-emissions ready in relation to producing on-site carbon emissions, while logistic buildings will be equipped to support the achievement of net-zero emissions by 2050. The financed expenditures are expected to substantially reduce emissions from the buildings sector in the UK and contribute to its broader decarbonization. 

In the Clean Transportation category, the Company will finance or refinance the deployment of EV charging infrastructure, vital for enabling the widespread adoption of electric vehicles. This strongly supports the decarbonization of road transport sector.

We have assessed the Framework as Aligned with the Green Bond Principles 2025 and Green Loan Principles 2025.