Globalworth Real Estate Investments Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Globalworth's Green Finance Committee (GFC) will be responsible for evaluating and selecting eligible projects under the framework. The GFC is headed by Globalworth's deputy Chief Investment Officer, and it will screen the portfolio of projects against the eligibility criteria set in the framework, the company's internal policies, and local regulations. Once this screening is complete, the GFC will provide recommendations on which projects to include in the list of the eligible use of proceeds to the board of directors. At least on an annual basis, the GFC will review the allocation of proceeds and the portfolio of eligible projects to detect the need for any updates, such as in the case of project completion, or if a project becomes ineligible. Globalworth also commits to reallocate proceeds to eligible projects in the case of cancellations or divestitures. Globalworth examines environmental and social risks before each real estate investment. Globalworth will also monitor health, safety, and environmental risks during development and refurbishment projects, including during the construction phase.

https://www.globalworth.com/wp-content/uploads/2024/03/Globalworth-Green-SPO-March-2024.pdf