Green Finance

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 CICT Green Finance Framework
Link to Second Party Opinion

List of Green Finance Transactions and Use of Proceeds
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, 21 Collyer Quay 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 Singapore (Rated BCA Green Mark GoldPLUS)

Westgate (Rated BCA Green Mark Platinum)