At CICT, sustainability is at the core of everything we do. We are committed to growing in a responsible manner, delivering long term economic value, and contributing to the environmental and social well-being of our communities. The material environment, social and governance (ESG) factors have been identified with set targets for 2030, in alignment with CapitaLand 2030 Sustainability Master Plan which outlines the targets and pathways for our transition to a low-carbon business.
CICT has prepared the Green Finance Framework (the “Framework”) to establish the criteria and guidelines for CICT and its subsidiaries to allocate and manage the proceeds raised from Green Finance Transactions to fund projects, which will deliver environmental benefits that support the REIT’s objectives.
The Framework is aligned with the Green Bond Principles (2021) and the Green Loan Principles (2021) or as they may be subsequently amended. Other forms of debt financing may conform to other sustainable or green finance principles as may have been established at the time of such financing transaction being undertaken.
Fundraising will include bonds, loans and other forms of debt financing with structures tailored to contribute to sustainable development by application of the proceeds to Eligible Projects which includes green buildings, renewable energy, energy efficiency, sustainable water management, waste management and clean transport.