CapitaLand has secured a total of S$400m (€257m) in two bi-lateral green loans as part of the Asia real estate group’s plan to make its global portfolio sustainable by 2030.
Proceeds from the green loans – which lifts the group’s exposure to sustainable finance to more than A$1.32bn (€764m) – will be used towards financing or refinancing of the development, investment and acquisition of certified green buildings.
CapitaLand now has 16 properties in Singapore, China, Belgium and India, and four business parks in India, that are fully- or partially- powered by renewable energy.
Andrew Lim, group chief financial officer, CapitaLand Group, said: “The funds will further underpin our sustainability efforts, creating better environmental, social and governance outcomes for the communities we operate in.”
