Leveraging Sustainable Finance for Better Places
To accelerate the green building movement and low-carbon developments, the Group has established its Green Finance Framework and use sustainable financing instruments to fund projects that will deliver environmental benefits to support the Group’s business strategy and sustainability vision. Within the Reporting Period, the Group initiated two sustainability-linked loans and a green loan, with an aggregate total of approximately HK$7 billion. The Group will continue to invest in meaningful and long-term environmental improvement projects to show its backing for boosting the low-carbon economy in the region.
A green loan of
HK$12.95 billion
for Caroline Hill Road Commercial Project
(Share of the Group: HK$5 billion)
The Group, in partnership with a real estate developer, has signed a HK$12.95 billion five-year secured term loan facility, the largest green loan in Hong Kong. Proceeds from the secured term loan facility will finance the construction cost for the Group’s premium commercial buildings at Caroline Hill Road, Causeway Bay, Hong Kong.
The project targeted to complete in 2026 aims to obtain the highest ratings of sustainable green building certificates, such as Leadership in Energy and Environmental Design (LEED) from the United States Green Building Council (USGBC) and BEAM Plus certification from the Hong Kong Green Building Council (HKGBC).
A sustainability-linked loan facility of
HK$1 billion
with HSBC
The Group arranged a three-year sustainability-linked loan facility of HK$1 billion, promoting environmentally and socially sustainable projects, minimising our carbon footprint and supporting the Group’s general working capital and capital expenditure aligned with 3Ps. This transaction reinforces the ongoing commitment of both corporations to promoting green developments in Hong Kong’s real estate sector.
A sustainability-linked loan facility of
HK$1 billion
with Hang Seng Bank
The Group has arranged a sustainability-linked loan facility of HK$1 billion, supporting the advancement of the Group’s sustainability goals and funding the Group’s upcoming green development projects, such as green and sustainable buildings and ongoing sustainability-related working capital and capital expenditures.
The Group established the ESG Investment Guideline to incorporate environmental, social, and governance factors alongside financial factors in the investment decision-making process, as well as to exclude from our investment portfolio specific companies or industries that sell or produce weapons, tobacco, and alcohol, etc., to ensure that our investments can deliver positive economic, environmental, and social value.
