Singapore’s largest sustainability-linked bilateral loan

Singapore’s largest sustainability-linked bilateral loan

  • Over S$2.42 billion in total raised through sustainable finance in less than two years underscoring CapitaLand’s commitment to responsible growth
  • Records utilities cost avoidance of S$208 million since 2009 in latest Global Sustainability Report

Singapore, 28 May 2020 – CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB), in tandem with the Group’s release of its 11th Global Sustainability Report which reports its sustainability performance in financial year 2019. The loan is the largest sustainability-linked bilateral loan in Singapore’s real estate sector. In total, CapitaLand and its real estate investment trusts have raised over S$2.42 billion [1] in less than two years, through sustainable financing instruments, reinforcing the Group’s commitment towards responsible growth.

To date, CapitaLand has partnered with seven financial institutions to secure a total of 12 sustainable financing instruments comprising sustainability-linked loans, green loans and green bond.

The sustainability-linked loan from UOB is explicitly linked to CapitaLand’s achievements in the Global Real Estate Sustainability Benchmark [2] (GRESB), a leading environmental, social and governance (ESG) benchmark for real estate and infrastructure investments across the world.

For more information, please click here: https://www.capitaland.com/international/en/about-capitaland/newsroom/news-releases/international/2020/may/500million_susty_loan_11_susty_report.html

Previously Published News

WGBC: Advancing Net Zero Status Report 2020

GLOBAL – On World Environment day, 5 June 2020, World Green Building Council (WorldGBC) released the 2020 Advancing Net Zero Status Report, highlighting leadership action from GBCs and the...

COVID-19: Sustainable Development Goals that...

GLOBAL – The pandemic has exposed that gains made to address poverty, hunger, good health and well-being may face serious setbacks, unless the global community also urgently addresses the global...

Carbon emissions are falling sharply due to...

GLOBAL – 3 April 2020 — CO2 emissions are crashing as the world winds down, but experts say the drop won’t last if governments don’t start moving to cleaner energy. It is...

WHO Director-General’s opening remarks...

GLOBAL – 2 April 2020 Good morning. I’d like to begin by thanking Member States for last week’s briefing. It was inspiring to hear from China, Japan, the Republic of Korea and Singapore...

International trade for food security

GLOBAL – 30 March 2020 — A joint statement Millions of people around the world depend on international trade for their food security and livelihoods. As countries move to enact measures...

Green buildings’s contribution in the...

GLOBAL – 23 March 2020 — An analysis by China Green Building Council The Assessment Standard for Green Building (ASGB) (GB/T 50378-2019) applies new technologies and new concepts in the...

SMEs with Singapore Green Labelling Scheme...

SINGAPORE – 19 March 2020 —  The HSBC SME Green Loan is the first-ever Green loan in Singapore to draw on existing eco-labelling certifications instead of the externally-reviewed bespoke Green...

World Water Day: 39 iconic Singapore...

SINGAPORE – 22 March 2020 —  More than 35 iconic landmarks and bridges such as the Esplanade, Singapore Flyer, Gardens by the Bay and Helix Bridge lighted up in blue to commemorate World Water...