Chinachem Group recognises that sustainable financing plays a key role in our broader efforts transitioning to a low-carbon economy and liveable city. And to achieve meaningful results, a policy driven approach is required. Therefore in 2021 we created the Chinachem Group Green Finance Framework (CCGFF) to guide our efforts.
In September 2024, the Group expanded its CCGFF into a more comprehensive Chinachem Group Sustainable Finance Framework (CCG SF Framework) to strengthen its commitment to sustainable development. This enhanced framework incorporates the latest international standards and best practices, including the Green Bond Principles 2021, Green Loan Principles 2023, Social Bond Principles 2023, and Social Loan Principles 2023. It also sets a precedent in Hong Kong by becoming the first framework aligned with relevant categories of the Hong Kong Monetary Authority (HKMA)'s "Hong Kong Taxonomy for Sustainable Finance." Furthermore, it also aligns with relevant categories of the International Platform on Sustainable Finance (IPSF)'s "Common Ground Taxonomy" (CGT), making it the first to achieve dual compliance. A Second-Party Opinion was obtained from ISS Corporate Solutions.
Expanding from the CCGFF's initial focus, the CCG SF Framework now encompasses 13 categories, covering a wider spectrum of environmental and social projects contributing to the United Nations Sustainable Development Goals (UN SDGs):
