Green Finance Framework
The Green Finance Framework (the “Framework”) has been developed with the intent to enter into Green Finance Transactions (“GFTs”) to fund and refinance projects, which will deliver environmental and social benefits that support GuocoLand’s sustainability objectives.
Fundraising will include bonds, loans, and other forms of debt financing with structures tailored to contribute to sustainable development by application of the net proceeds (i.e. gross proceeds after deduction of issuance cost e.g. transaction and administrative expenses, underwriting fee) to Eligible Green Projects as defined in this Framework.
The Framework outlines the criteria and guidelines for the Group to allocate and manage the proceeds of instruments raised from the GFTs.