Pan African property investor Lango Real Estate has established a sustainability-linked financing package that will support its sustainability strategy in the long term, and Rand Merchant Bank has won the role of sole sustainability advisor and coordinator for it.
Lango holds a portfolio of assets worth over $600 million in parts of the continent, including Ghana, Nigeria, Zambia and Angola, and says the development of the SFF marks a significant milestone in its sustainability journey as it merges the firm’s financial strategy and sustainability goals while also supporting transparency of reporting.
Among the key performance indicators RMB and Lango have identified to promote the real estate firm’s decarbonisation and overarching sustainability goals are: increasing reliance on renewable energy sources, green-certifying buildings, and improving gender diversity.