Sustainability
A member of the Hong Leong Group, GuocoLand is built on a strong heritage of value creation for our stakeholders and the communities we operate in. Over the years, we have taken a progressive approach in integrating sustainability into our businesses, to build a stronger, more resilient group. We are committed to growing our businesses responsibly, balancing environmental factors with economic considerations, as well as creating a positive impact for our stakeholders and contributing to our communities.
Towards a Greener Future
Empowering our People
Conducting Business with Honour
Caring for our Community
Sustainability Reporting Framework
Since FY2019, GuocoLand has adhered to a sustainability reporting framework which provides a roadmap for employees to work towards
the creation of the “Guoco Sustainability Value Creation” via four pillars:
PILLAR 1: TOWARDS A GREENER FUTURE
We aim to reduce waste and improve efficiency in energy and use of resources, covering every facet of our operations and seek to entrench the philosophy into a Group-wide awareness and culture of caring for the environment as a community corporate citizen.
PILLAR 2: EMPOWERING OUR PEOPLE
We aim to create a diverse, welcoming culture and a safe working environment in which our people are engaged, nurtured and empowered to reach their full potential.
PILLAR 3: CONDUCTING BUSINESS WITH HONOUR
We aim to uphold good business ethics and integrity and to develop long term relationships with our business partners based upon fairness, mutual trust and benefits.
PILLAR 4: CARING FOR OUR COMMUNITY
We aim to contribute to the betterment of our society, to create collective advancement and harmonious community relationships.
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.
