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

Reducing excessive consumption of...

SINGAPORE – Environmental impact of disposables10 April 2021 — Disposables, regardless of whether they are made of paper, plastics, or degradable materials, have some impact on the environment...

Ho Chi Minh City is the newest member of the...

VIETNAM – The newest member of the City Science Network is Ho Chi Minh City (HCMC), Vietnam. As part of this collaboration, the MIT City Science team will work with the Architecture Research Center...

SGBC announces new president & board for...

SINGAPORE – Singapore, 30 March 2021 — The Singapore Green Building Council (SGBC) has announced the members of the 7th Board, who will lead the Council through the 2021–2023 term.Tang Kok...

Earth Hour 2021 to unite millions around the...

GLOBAL –Image courtesy of World Wildlife Fund (WWF)On Saturday, 27 March at 8:30 p.m. (your local time), Earth Hour will unite individuals, businesses and leaders from all over the world...

Singapore now home to one of the...

SINGAPORE – Singapore has completed the installation of one of the world’s largest floating solar farms on sea water in the Straits of Johor.With the successful building of the 5-MW-peak...

Calls for submissions to reclaim the value...

SINGAPORE – CAPTURING THE ECONOMIC VALUE OF PLASTIC WASTE The Alliance to End Plastic Waste (the Alliance), an international non-profit organisation, today announced on 8 March 2021 the request...

Latest technologies for water efficiency and...

SINGAPORE – PUB, Singapore’s National Water Agency, has curated a series of presentations and resources from government agencies and local technology providers in a one-stop online platform....

Push for Greener buildings and new support...

SINGAPORE – 4 March 2021 —  The Ministry of National Development announced several key initiatives during its Committee of Supply debate today. These initiatives will further accelerate the...