The real estate sector is heavily regulated and is no stranger to environmental, social and governance ("ESG")-related policies and requirements. One imminent ESG-focused change.
Saudi wealth fund PIF (Public Investment Fund) said it has raised $5.5 billion through its second green bond. The proceeds of the bond, will be used to fund its green investments, in accordance with its Green Finance Framework.
Lenders and investors alike have become progressively concerned about climate change and the effect their lending and investment decisions may have on the environment.