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Sino Land Announces Green Finance Framework and Successful Raising of First Green Loan to Fund Development Projects

2018-12-04 17:57 744

HONG KONG, Dec. 4, 2018 /PRNewswire/ -- Sino Land Company Limited (HSI: 083) ('Sino Land') is pleased to announce that its first green loan, Sino Land Green Loan 2018, has received Pre-Issuance Stage Green Finance Certification issued by the Hong Kong Quality Assurance Agency.

Sino Land has also unveiled its Green Finance Framework ('Framework'), covering the Group, its affiliates and subsidiaries, to guide the financing of sustainable building developments and enhancements that will deliver environmental benefits in line with the Company's sustainability vision. For instance, the Group has set a carbon reduction target of 16% by 2020 from 2012 level.

Proceeds under the Framework will be channelled to new or existing development projects to improve energy efficiency. Other identified areas include sustainable waste management, clean transport, improving water efficiency and climate change resilience.

'At Sino, sustainability is integral to our business and operations. We strive to make our properties more environment-friendly through careful architectural planning, green property management, education and green innovations. The Green Finance Framework and the first Green Loan is a strong recognition of our efforts to join the global drive for socially responsible investment alternatives. It is also a reaffirmation of our commitment to sustainable development as we work to add long-term value to our shareholders and stakeholders,' says Mr Daryl Ng, JP, Deputy Chairman of Sino Land.

About Sino Land Company Limited

Sino Land Company Limited (HSI: 083), listed on The Stock Exchange of Hong Kong Limited, is one of the leading property developers in Hong Kong and a constituent member of the Hang Seng Index. Its principal business activities comprise development of properties for sale and investment in Hong Kong, Mainland China, Singapore and Sydney. The company's core business is complemented by a full spectrum of property business ranging from hotel operations to property services, including property management, car park management, cleaning and environmental services and security services. The company had a balanced land bank of 21.9 million sq ft of attributable floor area in Hong Kong, Mainland China, Singapore and Sydney as at 30 June 2018, including 9.3 million sq ft of properties under development, 11.8 million sq ft of properties for investment and hotels, and 0.8 million sq. ft. of properties held for sale.

As a committed corporate citizen, Sino Land has been actively participating in community services and green activities as well as art and culture events over the years. It has been made a constituent member of the Hang Seng Corporate Sustainability Index Series since September 2012 for its continual efforts in promoting sustainability.
www.sino.com

Media Contact
Betty Wong / Janet Kwan
+852 2132 8718 / 7100 2662
media@sino.com

Source: Sino Land Company Limited
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