{"id":99120,"date":"2018-10-04T12:59:09","date_gmt":"2018-10-04T05:59:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-gets-300m-sustainability-linked-loan\/"},"modified":"2018-10-04T14:03:05","modified_gmt":"2018-10-04T07:03:05","slug":"capitaland-gets-300m-sustainability-linked-loan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-gets-300m-sustainability-linked-loan\/","title":{"rendered":"CapitaLand gets $300m sustainability-linked loan"},"content":{"rendered":"


\nThis is the first and largest sustainability linked credit in Asia\u2019s property industry.
\nCapitaLand revealed on Thursday (4 Oct) that it has clinched a $300 million multi-currency sustainability-linked loan from DBS Bank. Aside from being Singapore\u2019s biggest sustainability-linked financing provided by one lender, the five-year loan and revolving credit facility is the first and largest sustainability linked credit in Asia\u2019s property industry.
\nUnlike green loans wherein the proceeds can only be used to fund eco-friendly projects, CapitaLand has the option to utilise it for general corporate purposes.
\nMore:\u00a0Pearlbank Apartments Sold To CapitaLand For $728m
\nHowever, the conditions for this debt surpasses the typical requirements of being eco-friendly or just achieving a green rating. It is explicitly linked to CapitaLand\u2019s listing on the Dow Jones Sustainability World Index (DJSI World), which measures the performance of multinational firms in environmental, social and governance (ESG) efforts.
\nAside from remaining on DJSI World, the debt\u2019s coupon will be reduced further on a tiered basis, subject to CapitaLand\u2019s ESG performance as evaluated by the Corporate Sustainability Assessment (CSA) of RobecoSAM, an international firm dedicated solely to sustainability investing.
\n\u201cWith growing public expectations and deeper focus on sustainability, embracing sustainability is not only good for our shared communities, but also beneficial for business. By working with committed partners such as DBS and RobecoSAM, we aim to identify and capture the tangible benefits of good sustainability practices,\u201d said CapitaLand Group\u2019s chief financial officer Andrew Lim.
\n\u201cAs we seek to continually deliver long-term value for our stakeholders, we remain guided by our credo \u2013 \u2018Building People. Building Communities.\u2019 \u2013 to improve the economic, environmental and social wellbeing of the communities we operate in.\u201d
\nLast month, CapitaLand was the only Asian firm that made it to DJSI World\u2019s top 10 real estate companies, in addition to being one of only two entities from Singapore that were included in the index.
\nAside from reducing carbon emissions by 29.4 percent since 2008, the company has also achieved 23.4 percent and 24.1 percent reductions in power and water usage, respectively. Since 2009, this has led to utilities savings of around $140 million.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand gets 0m sustainability-linked loan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is the first and largest sustainability linked credit in Asia\u2019s property industry. CapitaLand revealed...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-99120","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pMI","jetpack-related-posts":[{"id":116715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob\/","url_meta":{"origin":99120,"position":0},"title":"CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB","date":"May 28, 2020","format":false,"excerpt":"\r The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore. Photo: CapitaLand CapitaLand has secured a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25543,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-named-asias-most-sustainable-diversified-property-developer-for-sixth-year\/","url_meta":{"origin":99120,"position":1},"title":"CapitaLand named Asia\u2019s most sustainable diversified property developer for sixth year","date":"September 9, 2016","format":false,"excerpt":"\r CapitaLand\u2019s Westgate mall was awarded Green Mark Platinum and Universal Design Platinum by the Building and Construction Authority. (Photo: CapitaLand) CapitaLand has been named the most sustainable diversified real estate developer in Asia by the Global Real Estate Sustainability Benchmark (GRESB) for the sixth consecutive year. The GRESB also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-most-sustainable-diversified-property-developer-for-6th-year-is\/","url_meta":{"origin":99120,"position":2},"title":"Asia\u2019s most sustainable diversified property developer for 6th year is\u2026","date":"September 9, 2016","format":false,"excerpt":"\r Going green is the way to go in Singapore CapitaLand\u2019s Westgate mall was awarded Green Mark Platinum and Universal Design Platinum by the Building and Construction Authority (Photo: CapitaLand) CapitaLand has been named the most sustainable diversified real estate developer in Asia by the Global Real Estate Sustainability Benchmark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107589,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-wants-entire-portfolio-to-be-green-certified-by-2030\/","url_meta":{"origin":99120,"position":3},"title":"CapitaLand wants entire portfolio to be green certified by 2030","date":"May 30, 2019","format":false,"excerpt":"\r It\u2019s part of the company\u2019s broader aim of having its carbon emission targets.\u00a0 With the Ascendas-Singbridge acquisition expected to be completed by June, CapitaLand aims to achieve 100 percent green certification for its expanded global portfolio by 2030. The group also seeks to have at least 20 percent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-listed-among-worlds-most-sustainable-corporations\/","url_meta":{"origin":99120,"position":4},"title":"CapitaLand listed among world\u2019s most sustainable corporations","date":"January 26, 2021","format":false,"excerpt":"\r CapitaLand listed among world\u2019s most sustainable corporationsRanked 58th in the Global 100 Most Sustainable Corporations in the World index by Corporate Knights, this is CapitaLand\u2019s ninth time on the list, jumping five places\u00a0from the previous year. Image: CapitaLand CapitaLand on Monday announced that it has been included in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Raffles-City-Chongqing1367.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-home-sales-in-china-hit-2bil-yuan\/","url_meta":{"origin":99120,"position":5},"title":"CapitaLand\u2019s home sales in China hit 2bil yuan","date":"November 8, 2018","format":false,"excerpt":"\r La Botanica in Xi\u2019an is one of four residential developments launched in \u201cGolden September Silver October\u201d season. (Photo: CapitaLand) CapitaLand held four residential launches in China over the past month, in which it sold a total of 1,506 units worth 2 billion yuan ($396.7 million) \u2013 marking the company\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99120"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=99120"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}