SUSTAINABILITYKEY HIGHLIGHTSSUSTAINABILITY FINANCE
SUSTAINABILITY FINANCE

Sustainability Finance

Yuexiu Property is committed to integrating the concept of sustainability into its financing strategy, and continues to explore sustainable financing tools such as green bonds, green loans and loans related to sustainability performance, in order to enhance our financial flexibility and resilience, and to fully promote the economic transformation towards low carbon, efficient use of resources and sustainable development.

Sustainable Finance Framework

In order to effectively integrate the concept of sustainable development into various dimensions of business development so as to promote ESG works steadily and comprehensively, Yuexiu Property set up a Sustainable Finance Framework for the first time in 2024, which is planned to finance projects, assets and developments in line with Yuexiu Property's sustainability vision and strategy through sustainable financing transactions.

Yuexiu Property continues to benchmark against ever-improving international standards and best practices, referring to the voluntary guidelines Green Bond Principles (2021), Social Bond Principles (2023) and Sustainability Bond Guidelines (2021) by the International Capital Market Association (ICMA), as well as the Green Loan Principles (2023) and the Social Loan Principles (2023) by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) to set up Yuexiu Property’s Sustainable Finance Framework.

Under the sustainable finance framework, Yuexiu Property commits to use all or part of the proceeds from each issue or an equivalent amount of proceeds exclusively for the financing and refinancing of Yuexiu Property's qualifying green and social projects, including the acquisition, construction, development or re-development of such projects that provide with clear environmental and social benefits. Among such projects, eligible green projects include green buildings, climate change adaptation, energy efficiency and pollution prevention and control projects; and eligible social projects include affordable housing.

Green Bond

Adhering to the mission of "Where Good Living Starts", Yuexiu Property integrates environmental protection and social responsibilities into preparation of corporate operating strategies and continues to promote sustainable self-development. Under the guidance of this mission, Yuexiu Property successfully issued a green bond with a total amount of RMB 1.690 billion in July 2024, with a coupon rate of 4.10% and expiring in 3 years. The bond is in accordance with the guidelines of Yuexiu Property's sustainable finance framework, and the equivalent amount of the proceeds will be used for Yuexiu Property's eligible green projects, including green buildings meeting the China Green Building Three Star Standard, etc. The green bond has also successfully obtained the Hong Kong Quality Assurance Agency's Green and Sustainable Finance Certification.

Please click to read

  • Ultra-low energy consumption project: Hefei Yaohai Starry Junnan
  • Ultra-low energy consumption project: Hefei Joy Winking