Primaris REIT Publishes Third Annual Sustainability Report and Green Bond Allocation Report

Core Insights - Primaris Real Estate Investment Trust has published its third Sustainability Report and Green Bond Allocation Report, detailing its sustainability initiatives and financial disclosures [1][2][3] Sustainability Report Highlights - The Sustainability Report outlines Primaris' updated sustainability plan, governance practices, and metrics impacting its business, with a focus on transparency [1] - The report includes data for the year ended December 31, 2025, and an analysis of utilities and greenhouse gas emissions for the year ended December 31, 2024 [1] Green Finance Framework - In June 2025, Primaris introduced its Green Finance Framework, allowing for the issuance of green bonds and loans [2] - The Green Bond Allocation Report details the allocation of proceeds to eligible green projects and received a Second Party Opinion from Moody's confirming its alignment with the International Capital Market Association's Green Bond Principles [2] Financial and Environmental Achievements - Primaris issued $450 million in green bonds to fund green building acquisitions and completed property-level decarbonization plans [3] - The company achieved a 5.5% reduction in like-for-like greenhouse gas emissions year-over-year and a 10% reduction against the baseline year of 2022 [5] - 100% of shopping centers are green building certified, and 83.3% of new retail leases signed in 2025 are considered "green" [5] Social Impact - Primaris donated over $1 million to local organizations and contributed more than 67,000 pounds of food to those in need [3] - The company achieved an 83% tenant satisfaction score and implemented a data tracking system for community engagement activities [5] Governance and Performance Metrics - Primaris achieved a GRESB 3-star rating in 2025, scoring 84 on a 100-point scale, and received Sector Leader Status for Retail in the Americas [5] - The company maintains an "A" MSCI ESG Rating and has established sustainability targets linked to business performance metrics [6]