HKR International Signs First Sustainability-Linked Loan of HK$2.4 Billion
HKR International Limited ("HKRI") announced the signing of its first sustainability-linked loan (SLL) facility on 29 April 2022. The HK$2.4 billion five-year sustainability-linked club loan with Bank of China (Hong Kong) Limited (“BOCHK”), China Construction Bank (Asia) Corporation Limited (“CCB (Asia)”) and Shanghai Commercial Bank Limited, manifests HKRI's commitment to sustainability in long term growth. CCB (Asia) acts as the sustainability-linked loan advisor and BOCHK acts as the co-sustainability-linked loan advisor.
Sustainable development is a fundamental part of HKRI’s vision, mission and core values. In environmental aspect, HKRI actively incorporates green building practices at every stage of its new property development and during the refurbishment phase of existing buildings, and aims for best green performance in its property management, transportation and hospitality businesses. HKRI also attaches great importance to social and governance areas and strives to pave way for a better community for everyone.
"This credit facility marks a milestone on our road to sustainability and recognises our ongoing effort on Environment, Social and Governance (“ESG”). Echoing the 'HKRI All-In' spirit, our Group-level ESG theme, we aim to do more than just fulfilling requirements but to go extra mile to preserve our planet and promote sustainable social development," said HKRI Executive Chairman Mr Victor Cha.
Ms Daphne Wat, Deputy Chief Executive of CCB (Asia), said, "We are glad to achieve environmental protection and low-carbon development together with HKRI. CCB (Asia) has been committed to providing diversified capital and financial services for enterprises in Hong Kong. The promotion of green finance including sustainability-linked loan in recent years sets a good example of sustainable development for the financial industry. With the efficiency and advantages of Hong Kong international capital market, CCB (Asia) looks forward to more sustainable development projects with our corporate clients, promoting a low-carbon economy in Hong Kong."
Ms. LU Ying, General Manager of Global Corporate Banking Department of BOCHK, said, “We are pleased to support HKRI, our long-term business partner, in implementing its sustainable development strategies to build a greener and more sustainable city. Sustainability is a key initiative under BOCHK’s core strategic goals. With our expertise in green finance, we are committed to offering a wide array of green financial products and services to our corporate customers, helping them develop sustainable business models with customised green financing solutions. BOCHK will continue to promote the transition to a low-carbon economy together with our customers.’’
HKRI has supported the United Nations' Sustainable Development Goals since 2020 and established its 2030 sustainability targets for emissions, energy consumption, waste, water and green building certification to set a clear agenda to a more sustainable path.
About HKR International Limited
HKR International Limited has diversified interests in real estate development and investment, property management, luxury hotels and serviced apartments, and other investments in Hong Kong, mainland China and across Asia.
The Company’s diverse portfolio includes Discovery Bay and CDW Building in Hong Kong, HKRI Taikoo Hui in Shanghai, and a number of premium residential properties under development in Shanghai, Jiaxing and Hangzhou. HKRI has been listed on The Stock Exchange of Hong Kong since 1989, under the Stock Code of 00480.
This press release is issued by HKR International Limited.