Concert Properties

This fact sheet from the Climate Bonds Initiative details a CAD 72 million (USD 55 million) green loan issued by HSBC Canada to Concert Properties for the Tapestry building project, marking the first green loan in Canada.

• Concert Properties secured a green loan totaling CAD 72 million (USD 55 million) issued on July 9, 2020, for the Tapestry project, a 15-storey mixed-use residence featuring ground floor commercial space and expected lower carbon and energy footprints.
• The Climate Bonds Initiative (CBI) identifies this transaction as the first green loan in Canada, though the organization notes a desire for increased public disclosure, external review, and third-party oversight for the issuer.
• Concert Properties, owned by Canadian union and management pension funds since 1989, has over 20 buildings that have achieved LEED certification, Tier-2 under the Toronto Green Standard, or Step-3 under the Province of B.C. Energy Step Code.
• As the loan is aligned with Green Principles, Concert Properties is mandated to provide annual reports to the lender, HSBC, covering the green project description, allocated amounts, and expected impacts.

APA

Climate Bonds Initiative (2020). Concert Properties. https://www.climatebonds.net/files/drupal-files/files/2020-07_CA_Concert_Properties.pdf

Chicago

Climate Bonds Initiative. Concert Properties. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-07_CA_Concert_Properties.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Concert Properties |date=9 July 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-07_CA_Concert_Properties.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020concert, author = {{Climate Bonds Initiative}}, title = {{Concert Properties}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2020-07_CA_Concert_Properties.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }