Second-Party Opinion Download

Sustainalytics is of the opinion that the Healthpeak Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and the Green Loan Principles 2021. This assessment is based on the following: 

USE OF PROCEEDS 

The eligible categories for the use of proceeds – Green Buildings, Energy Efficiency, Renewable Energy, Waste Management, Sustainable Water and Wastewater Management, and Clean Transportation – are aligned with those recognized by the Green Bond Principles 2021 and the Green Loan Principles 2021. Sustainalytics considers that the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 6, 7, 9 11, and 12.

PROJECT EVALUATION / SELECTION 

Healthpeak’s eligible projects are evaluated and selected by its dedicated Green Finance Committee based on the established eligibility criteria. The Green Finance Committee is comprised of members from cross-functional departments. Sustainalytics considers the project selection process to be in line with market practice.

MANAGEMENT OF PROCEEDS 

Healthpeak commits to record and track the green financing proceeds via a Green Financing Register, which is managed by its Green Finance Committee. Proceeds will be allocated within 36 months of each transaction and externally verified. Pending full allocation, unallocated proceeds will be invested in accordance with the Company’s cash investment policy. This is in line with market practice. 

REPORTING 

Healthpeak intends to report the allocation of proceeds on the Company’s website on an annual basis until full allocation. This report will include a list of projects financed, total amount of proceeds allocated and portion of new financing relative to refinancing. In addition, Healthpeak is committed to reporting on relevant impact metrics. Sustainalytics views Healthpeak’s allocation and impact reporting as aligned with market practice.