CLAS aligns our environmental goals with our financing needs, collaborating with like-minded stakeholders in the financing and investment community.
Sustainability-Linked Finance Framework
In 2022, CLAS published its Sustainability-Linked Finance Framework.
The framework lays the foundation and aligns CLAS' ESG goals with the CLI 2030 Sustainability Master Plan. It was established with reference to the relevant international principles and guidelines for best practices:
- Sustainability Linked Bond Principles (SLBP) published by the International Capital Market Association (ICMA) in June 2020
- Sustainability Linked Loan Principles (SLLP) published by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and Loan Syndications and Trading Association (LSTA) in July 2021
CLAS obtained a Second-Party Opinion from Moody's ESG Solutions on its framework.
Sustainability-Linked Finance Framework Second-Party OpinionCLAS' Sustainable Financing
As at 31 December 2024, sustainable financing accounts for approximately S$825 million, or 26% of CLAS' total debt. This includes sustainability-linked bonds, loans and cross currency swaps, as well as green loans.
9%
9%
18%
64%
- Sustainability-linked bond
- Sustainability-linked cross currency swap
- Green Loan
- Sustainability-linked loan
Read more about CLAS' sustainable financing initiatives in our Sustainability Report 2024 and the following links:
Ascott Residence Trust is the first hospitality trust in Singapore to secure green loan
Ascott Residence Trust is first hospitality trust globally to issue sustainability-linked bond of S$200 million
CapitaLand Ascott Trust partners with the International Finance Corporation on its first sustainability-linked bond in the hospitality sector
CapitaLand Ascott Trust is the first lodging trust to secure OCBC 1.5 degree celcius loan
