here<\/a>.<\/p>\n\u00a0<\/p>\n
As the sole
\nlender and sustainability structuring bank, HSBC has innovatively structured
\nthe facility to meet the specific operation needs of Chinachem and incentivise
\nthe Group to fulfil a set of sustainability metrics, including reduction in energy
\nconsumption and water consumption in both its hotels and properties under management.<\/p>\n
\u00a0<\/p>\n
Recognising
\nsustainability as one of its core values, Chinachem has been developing environmentally
\nfriendly properties and advocating green practices throughout its operations.
\nIn support of sustainable development, the Group has built green properties and
\npromoted green construction technologies, implemented energy-saving measures
\nthroughout its buildings, as well as organised community activities to foster
\nenvironmental awareness.<\/p>\n
Frank Fang,
\nHead of Commercial Banking, Hong Kong, HSBC, said: “Sustainability is an
\nincreasingly critical business agenda across different sectors. We are
\ndelighted to arrange the first sustainability-linked loan for Chinachem Group,
\nextending our long-term relationship to support their dedication to
\ncontributing to the low-carbon economy. As a leading bank in the sustainable
\nfinance market, HSBC will leverage our expertise and comprehensive solutions to
\nhelp clients navigate the net-zero transition.”<\/p>\n
Donald
\nChoi, Executive Director and Chief Executive Officer, Chinachem Group, said: “As
\na developer of ‘Places with Heart’, we strive to create vibrant, liveable,
\nsustainable and socially inclusive communities, guided by our Triple Bottom
\nLine of People, Prosperity and Planet. With this first sustainability-linked
\nloan, we aim to promote and support environmentally and socially sustainable
\nprojects and minimise our carbon footprint. We look forward to working together
\nwith other like-minded partners to help Hong Kong transition to a brighter,
\nzero-carbon future.”<\/p>\n
\u00a0<\/p>\n
HSBC has
\nbeen embedding sustainability into its products and services, including access
\nto capital markets, lending, transaction banking, advisory services and investments.
\nIn addition to participating in Chinachem’s first green development club loan
\nfor its project in Ho Man Tin, HSBC has also arranged and taken part in
\nnumerous sustainable financing solutions tailored for companies of different
\nsectors and sizes.<\/p>\n
\u00a0<\/p>\n
In June
\n2021, Chinachem launched its Green Finance Framework to demonstrate how the
\nGroup intends to enter into Green Financing Transactions to fund projects that
\nwill deliver environmental benefits. To explore further opportunities to
\ncontribute to sustainable development, the Group is also formulating a
\nSustainability Development Framework that works towards realising the United
\nNations’ 17 wide-ranging Sustainable Development Goals by 2030, which
\nepitomises the balance between financial return and community responsibility.<\/p>\n
\u00a0<\/p>\n
As part of
\nthese sustainability efforts and to respond to increasing customer demand for
\nsustainable and responsible business practices, Chinachem has committed to meeting
\na series of Science-Based Targets (SBT) to support the long-term viability of its
\nbusinesses and create enduring value for sustainable development. A review of
\nthe SBT in 2021 led to the “Chinachem Group Carbon Reduction Roadmap \u2013 CCG
\n3050+” with a new, more aggressive carbon reduction target to cut the Group’s
\ncarbon emissions by 51.8% in 2030 as compared with the base year of 2020.<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG
SAR –\u00a0Media OutReach\u00a0–\u00a08
December 2021 –\u00a0HSBC and Chinachem Group (the “Group” or “Chinachem”)
announced today the arrangement of a three-year sustainability-linked loan
facility of HKD1 billion to support the Group’s general working capital and
capital expenditure in accordance with its sustainability objectives. The transaction
reinforces the ongoing commitment of both corporations in promoting …<\/p>\n","protected":false},"author":1,"featured_media":19366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19365"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19365"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19366"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/p>\n