XF-K609BZA-1 PSP Swiss Property AG - Framework Report
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Use the XFID in citations to create a stable, permanent reference that resolves to this registry entry regardless of the source URL.
PSP Swiss Property AG (2025). PSP Swiss Property AG - Framework Report. XFID: XF-K609BZA-1. Retrieved from https://xframework.id/XFK609BZA1
XF-K609BZA-1 Changes from Previous Version
PSP Swiss Property's Green Bond Framework was substantially restructured and strengthened between 2022 and 2025. The new framework significantly tightens eligibility criteria by introducing a dual-criterion approach requiring both carbon footprint performance (measured in kgCO2e/m2/yr) and ESG rating certification via Wüest Partner's RE ESG Plus system, moving away from the vaguer sustainability commitments in the 2022 version. The 2025 version also explicitly aligns with the ICMA Green Bond Principles (June 2022 edition) and establishes CO2 emissions reduction as the primary environmental objective, providing much more concrete technical definitions and measurement methodologies than previously available.
- tightened Use of Proceeds — Added specific requirement that green buildings must meet recognized environmental performance standards or certifications, aligning with ICMA Green Bond Principles category for green buildings.
- tightened Eligibility Criteria — Introduced dual-criterion eligibility framework requiring both carbon footprint measurement (kgCO2e/m2/yr in landlord-controlled scope 1 and 2) and ESG rating via Wüest Partner RE ESG Plus assessment.
- added Eligibility Criteria — Added explicit carbon footprint benchmark metric using GHG Protocol market-based methodology as central component for defining eligible green buildings.
- added Eligibility Criteria — Added requirement for property-specific ESG rating covering environmental, social, and governance aspects assessed by Wüest Partner.
- added Climate Target — Established reduction of CO2 emissions as the main environmental objective under the framework, explicitly linked to achieving Paris climate goals.
- added Standards Alignment — Added explicit alignment with ICMA Green Bond Principles (June 2022) including all four pillars: Use of Proceeds, Project Evaluation and Selection, Management of Proceeds, and Reporting.
- added Standards Alignment — Added reference to Wüest Partner RE ESG Plus Rating system as the designated third-party assessment methodology for property ESG evaluation.