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.
Link to 2024 CICT Green Finance Framework and Second Party Opinion
Link to 2022 CICT Green Finance Framework and Second Party Opinion
| Green Finance Transactions | Issue Date | Maturity Date | Amount of Proceeds | Amount Allocated | Eligible Project Category | Description |
|---|---|---|---|---|---|---|
| Green Bond - HKD900 million 2.95% (swapped into Singapore dollar (SGD) proceeds of S$155.2 million at a SGD fixed interest rate of 2.715%) |
18 February 2022 | 18 February 2031 | S$155.2 million | S$155.2 million | Green Buildings | Asia Square Tower 2 (Rated BCA Green Mark Platinum) |
| Green Bond - HKD755 million 4.85% (swapped into SGD proceeds of S$132.7 million at a SGD fixed interest rate of 4.026%) |
15 March 2023 | 15 March 2033 | S$132.7 million | S$132.7 million | Green Buildings | Six Battery Road, Capital Tower, Bugis Junction (Rated BCA Green Mark Platinum) CQ@Clarke Quay, IMM Building and Funan (Rated BCA Green Mark GoldPLUS) |
| Green Bond - S$400 million 3.938% |
19 June 2023 | 19 June 2030 | S$400.0 million | S$400.0 million | Green Buildings | Raffles City Singapore1 and Westgate (Rated BCA Green Mark Platinum) |
| Green Bond - S$300 million 3.75% |
10 July 2024 | 10 July 2034 | S$300.0 million | S$300.0 million | Green Buildings | Asia Square Tower 2 and Raffles City Singapore1 (Rated BCA Green Mark Platinum) |
| Green Bond - S$200 million 3.30% |
30 October 2024 | 30 April 2035 | S$200.0 million | S$200.0 million | Green Buildings | Six Battery Road, Capital Tower and Raffles City Singapore1 (Rated BCA Green Mark Platinum) |
| Green Bond - S$150 million 3.088% |
28 March 2025 | 29 March 2032 | S$150.0 million | S$150.0 million | Green Buildings | Raffles City Singapore1 (Rated BCA Green Mark Platinum) |