Financing for a sustainable future

Swire Pacific has secured its first sustainability-linked loan. In September, the company reached agreement with DBS Bank to convert the HK$2 billion five-year revolving credit facility that it secured in January 2020 into a sustainability-linked loan, with the interest rate being indexed against Swire Pacific's Environmental, Social and Governance ("ESG") performance. DBS Bank will incorporate tiered pricing and grant a reduction in the interest rate based on the company's achievement of pre-determined targets that address material ESG issues, as well as maintaining its listing on the Dow Jones Sustainability Asia Pacific Index and improving related Key Performance Indicators. The proceeds of the loan will be used for general corporate funding purposes, including driving Swire Pacific's long-term sustainability performance. Swire Pacific made progress in several aspects of its sustainable development strategy last year: outperforming its carbon reduction target by 1.83%, publishing a climate change policy highlighting the importance of future climate risk, and developing its strategic framework for diversity and inclusion.

In August, Swire Properties signed a five-year HK$1 billion Green Loan Facility with Singapore-based Oversea-Chinese Banking Corporation Bank. As part of Swire Properties' Sustainable Development 2030 Strategy, the loan will fund ongoing green building developments and allow Swire Properties to adopt the latest environmentally friendly technologies, enabling further savings in energy and reductions in water usage and waste.
Financing for a sustainable future
Board changes

Board changes

Senior management appointments

Senior management appointments

Cathay Pacific corporate restructuring

Cathay Pacific corporate restructuring

IBLAC 2020

IBLAC 2020

High-level visits

High-level visits

JS&S signs landmark refinancing deal

JS&S signs landmark refinancing deal

Financing for a sustainable future

Financing for a sustainable future

Renewed commitment to SD

Renewed commitment to SD

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