DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
DBS Hong Kong has finalised a three-year HK$800m green loan with HSH Financial Services Limited, a wholly owned subsidiary of The Hongkong and Shanghai Hotels (HSH).
The sustainability-linked revolving credit facility will be used by HSH for general corporate purposes, including the refinancing of existing indebtedness.
This marks the first bilateral sustainability-linked loan between DBS Hong Kong and HSH Financial Services, for which the bank will serve as sole lender.
Key Performance Indicators (KPIs) set by HSH for the loan include reduction in carbon intensity and energy intensity, increase in waste diversion rate, and increase in the number of hotels receiving sustainability certification by EarthCheck.
Wallace Lam, managing director and head of Institutional Banking Group of DBS Hong Kong, said that they are pleased to support HSH Financial Services in their first bilateral sustainability-linked loan.
“As a purpose-driven bank, DBS is committed to promoting responsible banking practices that align with our sustainability mission. We look forward to continuing our partnership with HSH and supporting them in their future developments,” Lam said.