To be eligible for the facility, the projects must attain green building standards including but not limited to the precertification or certification of Platinum Certificate of LEED and Well Building Standard, or BEAM Plus with Gold rating or above. Such requirements are clearly set out in DBS’ Sustainable and Transition Finance Framework and Taxonomy[1], a reference incorporating responsible financing that guides clients to adapt and build resilience in the face of climate change and to achieve their sustainability agendas.
Mr. Alex Cheung, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “Following the issuances of green finance undertakings for Henderson Land’s Kai Tak project in March and April this year, DBS is delighted to extend our partnership to provide green loan for Henderson Land’s green development and investment projects. As a purpose-driven bank, DBS strives to bring our sustainability agenda to the fore by supporting our clients to transit to a low-carbon future.”
Mr. Andrew Fung Hau Chung, Executive Director and Chief Financial Officer of Henderson Land Development Company Limited, said, “As a pioneer in green building and sustainable practices, our goal is to embed sustainability as an integral part of Henderson Land’s business. The green loan offered by DBS to develop certified green building projects will help strengthen our green portfolio and pathway to new ways of living and working for a sustainable future.”
[1] DBS launches world’s first sustainable and transition finance framework and taxonomy to help clients advance on sustainability agenda: https://www.dbs.com/newsroom/DBS_launches_worlds_first_sustainable_and_transition_finance_framework_and_taxonomy_to_help_clients_advance_on_sustainability_agenda
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About DBS DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
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