SP Group (SP) has developed a Green Financing Framework (GFF) that integrates the company’s sustainability goals into its financing strategy and has also been granted SGD100 million in green loan facilities from DBS, Oversea-Chinese Banking Corporation, Limited (OCBC Bank), and United Overseas Bank Limited (UOB) on a bilateral basis. SP and its subsidiaries will be authorised to issue green financing instruments under the GFF to fund and/or refinance qualifying green projects in four categories, including energy conservation, renewable energy, sustainable transport and green construction.
The framework will also control the use and management of DBS, OCBC Bank, and UOB’s green loan facilities. It will enable lenders and investors to have a better understanding of how funds are used and the environmental effects of SP’s investments in renewable energy solutions and green financing ventures. This will assist investors and lenders in identifying and funding ventures and initiatives that are compatible with their long-term investment plan.
