Keppel REIT’s Green Financing Framework (the “Framework”) is an integral part of its long-term sustainability vision. Keppel REIT believes that the Framework will support its sustainability efforts in building a responsible business and facilitate the achievement of its ESG targets and commitments.
Keppel REIT has developed this Framework in alignment with the four core components of the International Capital Market Association's (ICMA) Green Bond Principles (GBP) 2021 (including the June 2022 Appendix 1), and the Loan Market Association, the Asia Pacific Loan Market Association, and the Loan Syndications and Trading Association’s (LMA/APLMA/LSTA) Green Loan Principles (GLP) 2023, including:
- Use of Proceeds
- Process for Project Evaluation and Selection
- Management of Proceeds
- Reporting
The Framework has been developed to serve as a reference for all Green Finance Transactions (“GFT”) issued by Keppel REIT. The GFT that may be issued under this Framework include bonds, term loans, revolving credit facilities, medium-term notes, convertible bonds, perpetual securities and any other financial instrument publicly or privately placed in various formats, tenure and currency.
The Framework covers assets and projects under Keppel REIT and its subsidiaries, as well as its interests in associates and joint ventures.
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Keppel REIT Green Financing Framework |
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Second Party Opinion |
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Green Finance Report 2024 |
